Re dips 3p to 60.43 per $
2 Aug 2013 10:51 PM GMT
In volatile trade, the Indian rupee on Thursday fell back by three paise to close at 60.43 against the American unit on sustained weakness in local equities amid fresh dollar demand from importers that exceeds dollar selling by exporters.
Strong USD overseas also weighed on the rupee while capital inflows restricted the fall.
The rupee commenced sharply lower at 60.70 a dollar from previous close of 60.40 at the Interbank Foreign Exchange (Forex) market and later moved erratically in a range of 60.25 and 60.90 on alternate bouts of demand and supply before ending at 60.43, exhibiting a fall of three paise.
Strong USD overseas also weighed on the rupee while capital inflows restricted the fall.
The rupee commenced sharply lower at 60.70 a dollar from previous close of 60.40 at the Interbank Foreign Exchange (Forex) market and later moved erratically in a range of 60.25 and 60.90 on alternate bouts of demand and supply before ending at 60.43, exhibiting a fall of three paise.
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