Ru­pee down 4 paise vs US dol­lar

The Financial Express - - MONEY & MARKET -

Mum­bai, Aug 12: The ru­pee fell for the sec­ond day in a row against the dol­lar on Fri­day clos­ing down by 4 paise at 66.89 due to sus­tained dol­lar de­mand from banks and im­porters.

Firm equity mar­kets and for­eign cap­i­tal in­flows failed to re­strict the ru­pee's fall against the dol­lar, a forex dealer said.

The ru­pee opened higher at 66.80 per dol­lar as against the yes­ter­day's clos­ing level of 66.85 per dol­lar at the In­ter­bank For­eign Ex­change (Forex) mar­ket on ini­tial sell­ing of dol­lars by banks and ex­porters.

How­ever, it failed to main­tain ini­tial gains against the dol­lar on fresh dol­lar de­mand from banks and im­porters and dropped to 66.8950/dol­lar later. PTI

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