MUMBAI, OCT 06: The Indian rupee today fell by 12 paise to close at 65.41 on fresh demand for the American currency from banks and importers.
The rupee resumed higher at 65.25 per dollar as against the yesterday’s closing level of 65.29 at the Interbank Foreign Exchange market and went up further to 65.24 on mild selling of dollars by exporters.
However, it dropped to 65.44 per dollar on fag-end dollar demand from importers before closing at 65.41, showing a loss of 12 paise.
The trading range for the spot USD/INR pair is expected to be within 65.00 to 65.80.
In forward market today, premium for dollar moved up further on sustained paying pressure from corporates.
The Reserve Bank of India fixed the reference rate for the dollar at 65.3908 and that for the Euro at 73.1919.
The rupee went up further against the pound sterling to close at 99.17 from 99.18 yesterday while it dropped further against the Euro to 73.38 from 73.32. It also fell against the Japanese currency to settle at 54.37 per 100 yen from 54.30.
