Snapping its last five-day winning spree against the US dollar, the rupee today fell 12 paise to close at 65.41 on fresh demand for the American currency from banks and importers on the back of higher greenback overseas.
However, good foreign capital inflows in view of a strong domestic equity market failed to restrict the rupee fall, a forex dealer said.
The rupee resumed higher at 65.25 per dollar against yesterday’s closing level of 65.29 at the Forex market and inched up further to 65.24 on mild selling of dollars by exporters.
However, it washed out initial gains and dropped to 65.44 per dollar on fag-end dollar demand from importers before concluding at 65.41, showing a loss of 12 paise.