PTI: Rupee falls by 32 paise to one-month low against dollar
Mumbai, May 5 (PTI) The rupee today depreciated sharply by 32 paise to close at more than one-month low of 44.93/94 against the US currency on dollar buying by banks and corporates amid stronger greenback overseas.
In line with the weakness in local equities, the domestic unit touched an intra-day low of 45.00 a dollar, level not seen since March 31, 2010. The BSE benchmark Sensex was down by nearly 279 points in morning deals following sluggish global trends.
The rupee, however, recovered some losses later but still ended lower for the third straight session at 44.93/94 a dollar, a fall of 0.72 per cent.
Dealers said sustained dollar demand from banks and corporates on the back of rise in the global market mainly affected the rupee value.
Concerns over the Greek's debt problem continued to weigh on the Euro-zone stocks and currencies.
