Rupee declines 16 paise to 75.52; extends losses for third day
The Hindu
On October 11, the rupee slid by 37 paise to close at a 15-month low of 75.36 against the U.S. dollar.
Falling for the third day in a row, the rupee weakened further by 16 paise to end at 75.52 against the U.S. currency on Tuesday, weighed down by a strong greenback in the overseas market and firm crude oil prices.
At the interbank Foreign exchange market, the local currency opened at 75.41 and witnessed an intra-day high of 75.16 and a low of 75.66 against the U.S. dollar in the day trade.
The local unit finally settled at 75.52 a dollar, down 16 paise over its previous close.
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