Rupee down 21 paise against dollar

Rupee down 21 paise against dollar
Rupee down 21 paise against dollar

The rupee lost 21 paise to Rs 63.50 against the U.S. dollar in early trade on Monday at the Interbank Foreign Exchange due to rise in the greenback’s value against other currencies overseas.

Dealers attributed the fall in rupee to dollar’s gains against the euro, which fell to a nine-year low; but a higher opening in the domestic stock market limited the fall of the domestic currency. The rupee had ended 6 paise higher at 63.29 against the greenback on Friday.

Rupee down 21 paise against dollar