Millennium Post

Re falls 9 paise to 60.22 per $

After a day’s respite, the rupee on Friday declined by nine paise to 60.22 in volatile trade on fresh dollar demand from importers even as the Reserve Bank of India possibly intervened to arrest the slide in the local currency.

The drop was also limited by fresh capital inflows and firm local stocks.

The rupee resumed at 60.06 a dollar from the previous close of 60.13 on the Interbank Forex market and reached a high of 60.00 as local stocks climbed and exporters sold dollars.
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