Rupee below 63 levels versus US dollar
Forex dealers said besides continued demand for the American currency from importers, increased capital outflows by foreign funds also kept pressure.
By PTI | Updated:
MUMBAI: The rupee slipped below the 63-mark to make day's low of 63.50 versus the US dollar on the Interbank Foreign Exchange due to heavy dollar demand from importers amid falling crude oil prices.
Forex dealers said besides continued demand for the American currency from importers, increased capital outflows by foreign funds also kept pressure on the rupee.
The domestic currency had lost 65 paise to close at nearly 11-month low of 62.94 against the US dollar in yesterday's trade following heavy dollar demand from importers.
Forex dealers said besides continued demand for the American currency from importers, increased capital outflows by foreign funds also kept pressure on the rupee.
The domestic currency had lost 65 paise to close at nearly 11-month low of 62.94 against the US dollar in yesterday's trade following heavy dollar demand from importers.
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