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Business Economy


Rupee down by 16 paise against USD

Rupee down by 16 paise against USD

Mumbai, Jan 22 (UNI) The Rupee remained weak for the third straight session on Tuesday as it tumbled down by 16 paise to 71.43 against the US Dollar on brisk demand for US Dollars by bankers and

importers, dealers at Forex Market said.



Though the local unit rose by five paise to 71.22 in early trade, later it declined and settled at 71.43, sliding by 16 paise as compared to its last close.



Forex traders said foreign fund outflows and a stronger dollar impacted the trading pattern for the local unit for the third day on Tuesday.



High oscillation was seen during the day as the Indian currency registered day high and low at 71.46 and 71.13 respectively.

UNI NV SB 1718

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