Rupee weakens 10 paise against dollar in early trade

Mumbai, Sep 1 (PTI) The rupee depreciated 10 paise to67.06 against the US dollar in early trade today on freshdemand for the American currency from importers amid weakgrowth data for April-June quarter. Indian economy grew at the slowest pace in last sixquarters at 7.1 per cent in the April-June period of currentfiscal mainly on subdued performance of mining, constructionand farm sectors. Dealers attributed the rupee’s fall to fresh demand forthe US currency from importers but a higher opening in thedomestic equity markets and dollar’s weakness against somecurrencies overseas capped the losses. The rupee had gained 6 paise to close at 66.96 per dollaryesterday due to sustained dollar selling from exporters amidweak overseas tone. The benchmark BSE Sensex advanced by 66.36 points or0.23 per cent to 28,518.53 in early trade today. PTI SUN DPBALMKJ