Indian Rupee down by 17 paise against USD
Mumbai/UNI: The Rupee on Wednesday slipped by 17 paise to end negative at 76.44 on rising demand for US Dollar by bankers and importers, dealers at the forex market informed.
High oscillation was seen during the day, as the local unit that opened strong at 76.05, up by 22 paise in opening trade, later erased earlier gain and finished negative at 76.44, sliding by 17 paise as compared to its last close.
The domestic unit registered days high and low at 76.02 and 76.48 respectively.
The Rupee dropped because of strong dollar against other world currencies amid choppy trade in indian equity market, dealers said.
On Tuesday, the forex market was shut for Ambedkar Jayanti.
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