Rupee falls nine paise Vs US dollar to end at 60.56
Rupee fell nine paise on Monday to close at 60.56 against the Greenback on late profit booking in ...
Rupee fell nine paise on Monday to close at 60.56 against the Greenback on late profit booking in local equities and fresh dollar demand from oil importers. However, sustained capital inflows and a weak dollar overseas limited the rupee fall, a forex dealer said. At the Interbank Foreign Exchange (Forex) market, the domestic unit commenced lower at 60.52 a dollar from previous close of 60.47. It tried to recover and logged an intra-day high of 60.41 on initial strong rally in local stocks. However, the rupee met with strong resistance on fag-end profit booking in local shares and renewed dollar demand from importers, mainly oil refiners, to meet their month-end requirements. It fell back to a low of 60.58 before settling at 60.56, a fall of nine paise or 0.15 per cent. Last Friday, it had gained 20 paise to end at more than three-week high of 60.47.
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