Rupee extends decline for 5th consecutive day…

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Continuing its slide for the fifth consecutive day, the rupee lost 10 paise to over 13-month low of 63.77 against the US dollar in early trade at the Interbank Foreign Exchange market today due to sustained year-end demand for the American currency from importers.

Forex dealers said the dollar’s strength against other currencies in the global market also put pressure on the rupee but sustained rise in domestic equities capped the fall.

The domestic currency had closed lower by 10 paise to 63.67 against the greenback following sustained dollar demand from importers.

Meanwhile, the benchmark BSE Sensex rose 82.57 points or 0.3 per cent at 27,478.30 in early trade.

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