PT:Rupee drops 14 paise vs dollar in late morning trade
Mumbai, Dec 20 (PTI) The Indian rupee dropped 14 paise to 62.28 against the American currency in the late morning trade on good demand for dollar from banks and importers on the back of its firmness in overseas markets.
However, persistent foreign capital inflows into India's equity market restricted the rupee's fall, a forex dealer said.
The domestic unit resumed lower at 62.40 per dollar as against the last closing level of 62.14 at the Interbank Foreign Exchange (Forex) market.
