Rupee falls 2 paise to 89.24 against US dollar in early trade

MUMBAI: (Nov 27) The rupee stayed weak trading 2 paise lower at 89.24 against the US dollar in early trade on Thursday due to increased demand of American currency from importers amid volatile global trade.

According to forex traders, the rupee found support from fresh inflow of foreign capital into domestic stock markets and lower crude oil prices in the international market.

At the interbank foreign exchange market, the rupee opened at 89.19 and lost further to trade at 89.24 against the greenback in initial deals, down 2 paise from its previous closing level.