Rupee logs biggest fall in 2015: down 55 paise vs dollar Monday April 20,2015

 

Logging its biggest fall of the year, the rupee on Monday April 20,2015 plunged by 55 paise to close at over one-month low of 62.91 against the greenback amid sustained demand for dollars from importers.

At the Interbank Foreign Exchange (Forex) market, the domestic currency commenced weak at 62.54 a dollar from last close of 62.36, but initially tried to recover to a high of 62.47.
Later, it met with strong resistance and tumbled to a low of 62.93 before settling at 62.91, showing sharp loss of 55 paise — biggest fall at 0.88 per cent in absolute term in 2015