The Indian rupee declined by 14 paise to Rs 52.85 against the US dollar in early trade today on good dollar demand from banks and importers amid a weak trend in the domestic equity market.
The rupee resumed lower at Rs 52.80/81 per dollar on the Interbank Foreign Exchange, as against last weekend’s close of 52.71/72 per dollar, and fell further to Rs 52.85 per dollar before quoting at 52.78/79 per dollar at 1030 hours.
From: http://ping.fm/xvQuA
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