The Rupee Weakened By Another 14 Paise, Nearing A Fresh Seven Month Low

The rupee weakened by another 14 paise, nearing a fresh seven-month low of 65.78, against the US dollar at the interbank forex market today on fresh demand for the greenback from importers and banks.

It recovered a bit to trade 7 paise down at 65.71 against the US dollar now.

Dealers attributed the rupee's persistent fall to increased demand for the US currency from importers and foreign fund outflows.

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