IBN:Rupee trims losses vs dollar, still down by 25 paise
Mumbai: The Indian rupee trimmed some of its initial losses against the American currency but was quoted still down by 25 paise to 61.52 per dollar on good dollar demand from banks and importers on the back of higher dollar in overseas market.
The rupee resumed at 61.39 per dollar as against the last closing level of 61.27 per dollar at the Interbank Foreign Exchange (Forex) Market and dropped further to 61.66 per dollar on good dollar buying.
However, it recovered afterwards to quote at 61.52 per dollar at 1040hrs on some dollar selling by exporters in view of firm equity market. It moved in a range of 61.39-61.66 per dollar during the morning deals.
