Snapping its four-day winning spree against the American currency, the rupee on Tuesday fell 25 paise to 65.05 on fresh dollar demand from banks and importers despite persistent foreign capital inflows.
The domestic currency opened sharply lower at 64.95 against Monday’s closing of 64.80 at the forex market. Intraday it hovered in the 64.86-65.06 range before closing at 65.05, down 0.39 per cent. The rupee had gained 38 paise or 0.57 per cent in the previous four days.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.