BUSINESS

Rupee falls 8 paise against dollar

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Rashmi, Star Live 24
Friday, November 14, 2014
Published On: 12:28:14 PM
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The rupee declined by eight paise to 61.63 against the US dollar in early trade on Friday at the Interbank Foreign Exchange on fresh demand for the American currency from banks and importers. 

Forex dealers said besides the dollar gaining against other currencies in the global markets on the back of a strong US economy, increased demand for the American unit from importers weighed on the rupee but a higher opening in the domestic equity markets, capped the fall. 

The rupee had finished lower by four paise at 61.55 against .

(The Times Of India)

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