Rupee ends lower at 65.12 on increased dollar demand

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MUMBAI, OCT 21: The Indian rupee continued its losing trend for the second day today as it fell by another 7 paise to end at 65.12 against the US dollar on persistent demand for the greenback from banks and importers.
The rupee opened marginally lower at 65.09 per dollar as against yesterday’s level of 65.05 at the Interbank Foreign Exchange market. It hovered in the range of 65.22 to 65.09 per dollar during day before ending at 65.12, showing a loss of seven paise.
The RBI fixed the reference rate for the dollar at 65.1513 and for the Euro at 73.9728.
The rupee hardened against the pound sterling to finish at 100.64 from 100.66 previously and also went up against the euro to 73.92 from 73.99.
The domestic currency ended higher against the Japanese currency to close at 54.26 per 100 yen from 54.39.

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