Rupee down 7 paise against dollar

Mumbai, Dec 23 (PTI) Dollar demand at the fag end of
trading on Thursday pulled the the Indian rupee down by seven
paise to 45.16/17 vis-a-vis the American currency.
At the Interbank Foreign Exchange (Forex) market, the
local unit initially shot up by 44.95 but soon declined to
45.20 on before ending at 45.16/17 per dollar.
The local currency on Wednesday closed at 45.09/10.
A forex dealer said good dollar demand from importers in
view of rising crude oil prices in the international markets
mainly affected the rupee value.
Brent crude prices reached two-year high of above US
90 per barrel in Asian trade.
Meanwhile, the benchmark Sensex on the Bombay Stock
Exchange eased further by 33 points or 0.16 per cent on
Thursday.(MORE) PTI RSU
RCJ


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