The Indian Rupee dropped 20 paise to hit 15-month lows of 67.07 against the American currency in late morning deals on Monday May 07,2018 on sustained dollar demand from importers and banks, amid the sharp rise in the greenback overseas.
The Indian Rupee opened higher at 66.82 as against last Friday's closing level of 66.87 per dollar at the inter-bank foreign exchange in Mumbai.
The Indian Rupee witnessed sudden bouts of volatility as it spiralled down to a low of 67.08 before quoting at 67.07 at 10:25 hrs. The rupee last quoted at 67.01 on 17 February 2017.
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