Rupee 16 paise against US dollar in early trade
Rupee 16 paise against US dollar in early trade. Rupee 16 paise against US dollar in early trade. The rupee weakened by 16 paise to 63.79 against the US dollar in early trade on Wednesday as the greenback firmed up overseas amid a lower opening in the domestic equity market.
Forex dealers said apart from the dollar's gains against some other currencies overseas, a lower opening in the domestic equity markets hampered the rupee.
On Tuesday, the rupee staged a strong comeback to close 17 paise higher at 63.63. 
Meanwhile, the benchmark BSE Sensex and Nifty suffer crucial low as Sebi clamped down on 331 suspected shell companies listed on the stock exchange. Benchmark Sensex sinks 260 points and Nifty down the crucial 10,000 mark on Wednesday.
