The Indian Rupee Traded Lower By 12 Paise At 68.91 Per Dollar

The Indian rupee traded lower by 12 paise at 68.91 per dollar on fresh demand for the American currency. Yesterday rupee closed near five-year low at 68.80 per dollar. It ended lower by 33 paise against Friday's close 68.47 .

Yesterday rupee gained in the first half of the session but came under pressure in the latter half of the session following strength in the dollar against its major crosses and higher global crude oil prices. 

Yesterday, crude rallied after Libya declared force majeure on some of its supplies, although an overall rise in OPEC output and an emerging slowdown in demand held back markets, said Motilal Oswal.

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