Rupee plunges 25 paise against dollar in early trade

Mumbai: The rupee fell by 25 paise to 61.17 against the US currency in early trade at the Interbank Foreign Exchange market due to dollar's gains against other currencies overseas. Forex dealers said besides strengthening of dollar against other currencies in global market after the US Fed stating it would keep its easy-money policy, increased demand for the American unit from importers and a weak opening in the domestic equity market put pressure on the rupee.

The rupee had ended 13 paise higher at 60.92 against the greenback in yesterday's trade following sustained dollar selling by exporters. Meanwhile, the benchmark BSE Sensex fell by 118.09 points, or 0.44 per cent, to 26,513.20 in early trade.