Rupee down 38 paise against dollar

Rupee down 38 paise against dollar
Highlights

Rupee Vs Dollar : Rupee Down 38 Paise Against Dollar. The rupee on Friday lost 38 paise to 62.15 against the US dollar in early trade on the Interbank Foreign Exchange due to fresh demand for the US currency from importers. Rupee Vs Dollar, Rupee Down, Rupee Down Against Dollar, Rupee Down 38 Paise Against US Dollar

The rupee on Friday lost 38 paise to 62.15 against the US dollar in early trade on the Interbank Foreign Exchange due to fresh demand for the US currency from importers. The rupee had surged 161 paise, to close at a more than one-month high of Rs 61.77 against the dollar in Thursday’s trade.

Dealers attributed the rupee’s fall to a cautious approach adopted by participants ahead of the RBI’s mid-quarter monetary policy review later in the day and a weak opening in the domestic equity market but dollar’s weakness against other currencies overseas restricted the fall.
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