News Business Rupee declines on dollar demand

Rupee declines on dollar demand

Mumbai: The rupee on Friday fell by 75 paise to 67.30 against the dollar in early trade, after Thursday's strong recovery, at the Interbank Foreign Exchange market on month-end dollar demand from importers amid strengthening

rupee declines on dollar demand

PTI August 30, 2013 9:44 IST

Mumbai: The rupee on Friday fell by 75 paise to 67.30 against the dollar in early trade, after Thursday's strong recovery, at the Interbank Foreign Exchange market on month-end dollar demand from importers amid strengthening of the US currency overseas.

Forex dealers said besides dollar gaining against other currencies in the global markets on upbeat US economic growth data, a lower opening in the domestic equity market also put pressure on the rupee.

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