APN News

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 rupee_vs_dollar2208profit 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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