Rupee falls by 19 paise against USD

The Rupee on Thursday slid by 19 paise to 68.76, on brisk demand for US Dollars by banks and importers, dealers at the Forex Market said.

Consistent dollar demand from banks and importers, mainly oil refiners, following higher crude oil prices kept the rupee under pressure, dealers said.

The local unit dropped by 31 paise to 68.88 in opening trade. During the day, it crossed 69 level for the first time to 69.10 versus US Dollar. Finally, it closed negative at 68.78, down by 21 paise as compared to its last close.

The Indian currency recorded day high and low at 69.10 and 68.71 respectively. Firm dollar against other world currencies kept the Rupee under pressure for the fourth day today, they added.

 

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