Rupee falls 47 paise to close at 81.80 against U.S. dollar
The Hindu
Forex traders said a weak dollar in the overseas market cushioned the downside for the local unit
The rupee pared its initial gains to settle down by 47 paise at 81.80 (provisional) against the U.S. dollar on December 5 weighed down by weak domestic markets and rise in crude oil prices.
Forex traders said a weak dollar in the overseas market cushioned the downside for the local unit.
At the interbank foreign exchange market, the local unit opened at 81.26, but pared the gains and ended at 81.80, down 47 paise over its previous close.
During the day, the local unit witnessed an intraday high of 81.25 and a low of 81.82.
On Friday, the rupee had settled down by 7 paise at 81.33 against the dollar.
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