The rupee was trading lower by 22 paise at 66.70 against the dollar in early trade on sustained demand for the U.S. currency from importers.The dollar was weak against major global currencies and the domestic equity market saw a higher opening, which capped the rupee losses, dealers said.

The rupee had lost 8 paise to close at 66.48 against the dollar in Friday’s trade on persistent demand for the American currency from banks and importers.Meanwhile, the benchmark BSE Sensex was trading higher by 52.89 points, or 0.20 per cent, at 25,891.03 in early deals.

Source : thehindu.com

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