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.