Rupee falls to 63.43 against Dollar

The rupee is trading lower at 63.4175/4250 vs Monday’s close of 63.24/25. Month-end dollar demand from oil companies hurts the Indian unit.

Dollar rises on expectations of a rate hike by U.S. Fed sometime next year.

Month-end dollar demand from oil companies fueled gains.

The pair is seen in 63.25 to 63.45 range during the day.