Rupee sheds 16 paise against US dollar in early trade
Updated : March 25, 2019 09:58 AM IST
The US dollar edged back from a six-week low against the yen and this factor also weighed on the Indian rupee, dealers said.
At the Interbank Foreign Exchange (forex) market, the domestic unit opened lower at 69.07 and slipped further to 69.14 but recovered partially to quote 16 paise down at 69.11 against the dollar.
Forex dealers said the local unit was weighed down by strong dollar demand from importers to make month-end payments. However, sustained foreign fund inflows and easing crude prices restricted the fall.