Millennium Post

Re touches 57-mark intra-day, down 11p to 56.84 per $

The rupee on Thursday touched one-year low level of 57 before closing at 56.84, still down by 11 paise, due to sustained dollar demand from importers and some banks amid volatile stock markets.

Dollar selling by exporters and some banks towards end of trade helped rupee recover from psychological low levels to close at 56.84, a fresh 11-month level, dealers said.

A weak dollar overseas amid capital inflows also capped the rupee fall to some extent, they said.
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