The rupee on Wednesday March 11,2015 dipped for the third straight session and eased by two paise to close at fresh two-month low of 62.78 against greenback on sustained demand for US dollar from importers.
Continued slide in local equities amid fresh withdrawal of funds by
foreign portfolio investors (FPIs) also weighed on the rupee while some
dollar selling by exporters helped the rupee to cushioned the fall,
Forex traders said.
At the Interbank Foreign
Exchange (Forex) market, the Indian rupee resumed lower at 62.83 a
dollar from Tuesday’s close of 62.76. It moved in a range of 62.69 and
62.87 before ending at 62.78, showing a loss of two paise or 0.03 per
cent.
In three days, it has lost 62 paise.
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