Rupee falls by 24 paise on strong dollar demand
The rupee Wednesday declined by 24 paise to close at 69.86 against the US currency, weighed down by a strong dollar sentiment and high demand for the greenback from importers.The domestic currency dropped to more than four-month low of 69.97 in the day trade in line with losses in other Asian currencies against the dollar after positive US economic data.Foreign fund inflows and strong gains in equity markets helped the domestic currency reverse some of the losses before close.”The broader US dollar is trading strong today, with most Asian currencies…
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