Indian Rupee down 12 paise to 66.83 against US Dollar


MUMBAI: On Monday the Indian rupee turned down by 12 paise to 66.83 against the dollar at the foreign exchange market following the American currency increased ground following a spurt in demand from importers.

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Forex Dealers has also further conveyed that, strength in the dollar next to some other currencies abroad on the prospects of higher US rates also weighed on the rupee, but a superior commencing in the domestic equity market meant the losses were limited.

On Friday, the rupee had staged a smart recovery from its three-week inferior next to  the US currency to conclude up by 23 paise at 66.71 on heavy corporate dollar sales as well as easing inflationary pressure.

On Monday the benchmark BSE Sensex increase further by 129.61 points, or 0.26 per cent, to 27,803.21 in near the beginning buy and sell.

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