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Rupee loses on dollar demand from importers

Source : REUTERS
Last Updated: Fri, Jul 05, 2013 07:04 hrs
Rupee, currency,currency note, forex

The rupee loses as dollar demand is seen from oil importers and for defence requirements, says a dealer. The pair is at 60.32/33, off the 60 intraday low, versus last close at 60.13/14.

Local shares gain 0.9 percent, with the Nifty trading above 200-DMA.

Unilever's open offer for HLL, which closed on Thursday, likely resulted in inflows of $3.2 billion based on shares tendered, dealers said.

Fixing-related USD buying also helping pair


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