Rupee falls to 63.43 against Dollar

S Kumar Deka 23 December, 2014

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Rupee weakens

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.

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S Kumar Deka 23 December, 2014

0 Less than a minute

S Kumar Deka

S Kumar Deka is a reporter at Times of Assam.