Rupee slides 6 paise to 64.59 against US dollar

Mumbai, June 28

The rupee traded lower by 6 paise at 64.59 against the US dollar in early part on Wednesday, pressed by a lower opening in the domestic stock market.

Increased demand for the American currency from importers and banks kept the dollar in fine shape.

Forex dealers said the euro hitting a 10-month high against the greenback, however, capped the rupee’s fall.

On Tuesday, the rupee had settled almost flat at 64.53 against the US currency following fag-end dollar demand.

Meanwhile, the benchmark Sensex moved down by 76.62 points, or 0.24 per cent, at 30,881.63 in early trade on Wednesday. PTI