Rupee falls 19 paise to 94.75 against US dollar in early trade
Mumbai, Jul 1 (PTI) The rupee fell 19 paise to 94.75 against the American currency in early trade on Wednesday, weighed down by the strength of the American currency in the overseas market. Forex traders said whenever fresh foreign inflows enter the country, the central bank is likely to use the opportunity to rebuild its reserve position rather than allowing the rupee to strengthen too much. Moreover, uncertainty prevailed over the progress of US-Iran peace talks keeping a geopolitical risk premium in the market. At the interbank foreign exchange market, the rupee opened at 94.67, then touched 94.75 against the