Rupee falls by 7 paise against dollar in early trade

The Indian rupee depreciated by 7 paise against the dollar in early trade on Thursday following fresh capital outflows by foreign funds amid the US currency's gains overseas.

The Indian rupee depreciated by 7 paise against the dollar in early trade on Thursday following fresh capital outflows by foreign funds amid the US currency's gains overseas.

At the Interbank Foreign Exchange (Forex) market, the rupee fell by 7 paise to 45.45 a dollar. The rupee had closed higher by 24 paise at 45.38/39 a dollar in the previous session.

Forex dealers said besides capital outflows from equities by foreign funds, dollar's marginal gains against other currencies weighed on the rupee sentiment.

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!