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Rupee tumbles by 44 paise at 67.29
The rupee tumbled by 44 paise to more than 2-year low at 67.29 against the American currency on fresh dollar demand from banks and importers amidst volatile equities.
Mumbai : The rupee tumbled by 44 paise to more than 2-year low at 67.29 against the American currency on fresh dollar demand from banks and importers amidst volatile equities.
The Indian unit resumed sharply lower at 66.98 per dollar against yesterday's closing level of 66.85 at the Interbank Foreign Exchange (Forex) market and dropped further to 2-year low to 67.30 before concluding at 67.29, showing a loss of 44 paise or 0.66 per cent.
The rupee had last settled at 67.63 per dollar on September 3, 2013 and intra-day trade at 68.62 on September 4, 2013. It moved in a wide range of 67.30 and 66.98 during the day. The dollar index was down 0.17 per cent against a basket of six currencies in the late afternoon trade. Meanwhile, the RBI fixed the reference rate for the dollar at 67.0950 and for the euro at 72.9725.