Friday, Mar 29 2024 | Time 13:17 Hrs(IST)
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Business Economy


Rupee down by 4 paise against USD

Mumbai, Sep 8 (UNI) The rupee weakened four paise to 66.41 against the US dollar, snapping its six-session gaining spree at the Interbank Foreign Exchange market today on fresh demand for the American currency from banks and importers.
Dealers attributed the rupee’s fall to fresh demand for the US currency, but the dollar’s weakness against some currencies overseas restricted the losses.
A postive close in the domestic equity market restricted rupee to fall further.
The domestic unit opened weak by 9 paise at 66.46 against the previous close of 66.37 at the Interbank Foreign Exchange market today.
It hovered in a range of 66.49 and 66.38.
The rupee had appreciated by 15 paise to close at a four-month high of 66.37 against the US currency in yesterday’s trade.
UNI JS NP1721
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