Indian rupee declined on Wednesday on fresh dollar demand from banks and importers. Rupee went down by 22 paise or 0.35% against US dollar to settle at 62.58 compared to previous close of 62.36.
Rupee touched a high of 62.25 and low of 62.67 after opening at 62.30.
The Reserve Bank of India (RBI) on Wednesday fixed reference rate of rupee for US dollar at 62.5580 compared with 62.2311 on Tuesday.
