Rupee ends 10 paise lower at 65.98 against US Dollar

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MUMBAI, SEPT 23: On persistent demand for the American currency from banks and importers the Indian Rupee, continuing its fall for the third consecutive day, today lost another 10 paise to settle at 65.98 per dollar.
The Indian unit resumed lower at 66.02 per dollar as against yesterday’s closing level of 65.88 at the Interbank Foreign Exchange (Forex) market. It slid further to 66.12 on heavy dollar demand from importers before concluding the day at 65.98, showing a loss of ten paise.
In forward market today, premium for dollar declined on fresh receivings from exporters.
The RBI fixed the reference rate for the dollar at 65.9600 and for the Euro at 73.3700.
However, the rupee recovered against the pound sterling to close at 100.96 from 101.67 yesterday while fell against the euro to 73.63 from 73.55 previously.
It firmed up against the Japanese currency to 54.85 per 100 yen from 54.93.

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