Business Economy


Rupee down by 3 paise against USD

Rupee  down by  3 paise against USD

Mumbai, June 9 (UNI) The rupee on Friday depreciated by 3 paise at 85.66 in opening session on strong demand for the US dollar by bankers and importers, according to forex market.

"The opening today is probably just a retracement of Friday’s move," a currency trader said. "With the US jobs data broadly positive for the dollar, the rupee is simply coming back under pressure."

The partially convertible rupee recorded an intra-day high and a low at 85.60 and 85.73 respectively, dealers added.

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