Rupee down 14 paise at 47.66 a dollar in opening trade

The Indian rupee on Thursday plunged by 14 paise against the US currency in opening trade as stock markets are expected to open on a weak note in line with other Asian bourses amid some dollar demand from importers.

The Indian rupee on Thursday plunged by 14 paise against the US currency in opening trade as stock markets are expected to open on a weak note in line with other Asian bourses amid some dollar demand from importers.

At the Interbank Foreign Exchange (Forex) market, the domestic unit fell by 14 paise at 47.66 a dollar in early trade over the previous close of 47.52.

Forex dealers said local bourses may open weak in tandem with other Asian equity markets, which are down up to 0.5 per cent in morning trade, influenced the rupee sentiment. Besides, dollar demand from importers also weighed on the rupee, they said.

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