Rupee down by 15 paise against dollar in early trade

Mumbai: The rupee weakened by 15 paise to 59.26 against the US dollar in early trade today at the Interbank Foreign Exchange market due to appreciation of the  American unit against other currencies overseas amid the country's subdued subdued economic growth in FY'14. 

India's economic growth remained subdued at 4.7 per cent in FY'14 and at 4.6 per cent in the fourth quarter of 2013-14, which weighed on the rupee, forex dealers said.  However, a higher opening in the domestic equity market capped the fall, they added. 

The rupee had lost eight paise to close at 59.11 against  the US dollar in its previous trading session on Friday on  month-end demand of the US currency from importers.  Meanwhile, the benchmark BSE Sensex rose 91.06 points, or 0.38 per cent, to 24,308.40 in early trade on Monday.