Rupee Slips 3 Paise On Increased Demand For US Dollar

INSUBCONTINENT EXCLUSIVE:
INR Vs USD: Lower opening in domestic equity markets also weighed on rupee.MUMBAI: Continuing its slide, the rupee weakened by 3 paise to
73.64 against the US dollar Friday due to increased demand for the American currency from importers
At the Interbank Foreign Exchange, the rupee opened lower at 73.62 and slipped further to 73.64 against the dollar, showing a fall of 3
paise
Traders said besides sustained demand of the US currency from importers, a lower opening in the domestic equity markets also weighed on the
funds bought shares worth Rs 140.02 crore, while domestic institutional investors sold shares to the tune of Rs 343.11 crore Wednesday,
headline, this story has not been edited by TheIndianSubcontinent staff and is published from a syndicated feed.)