MUMBAI: In volatile trade, the rupee today fell 20 paise to settle at 55.32 against the US dollar tracking weakness in local shares amid a firm dollar overseas as the Eurozone debt problems resurfaced.
Good dollar demand from importers, mainly oil refiners as Brent North Sea crude slid to USD 106.65 in London deals, also weighed on rupee while sustained capital inflows limited its fall to some extent, forex dealers said.
The rupee resumed lower at 55.25 a dollar from its previous close of 55.12 at the Interbank Foreign Exchange (Forex) market today and immediately touched a high of 55.08.
Good dollar demand from importers, mainly oil refiners as Brent North Sea crude slid to USD 106.65 in London deals, also weighed on rupee while sustained capital inflows limited its fall to some extent, forex dealers said.
The rupee resumed lower at 55.25 a dollar from its previous close of 55.12 at the Interbank Foreign Exchange (Forex) market today and immediately touched a high of 55.08.
Edited By Cen Fox Post Team