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Mumbai: The rupee weakened 12 paise to quote at 68.74 against the dollar in early trade at the Interbank Foreign Exchange (forex) market today on month-end demand for the American currency from importers and banks.
A firm dollar against some global currencies overseas and a lower opening of the domestic equity market weighed on the rupee, dealers said.
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The rupee bounced back by 10 paise to end at 68.62 against the American currency in Friday’s trade on fag-end selling of dollars on the back of a recovery in the equity market.
Meanwhile, the benchmark BSE Sensex fell 58.60 points, or 0.25 per cent, to 23,095.70 in early trade. PTI
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