Rupee Slips 26 Paise Amid Rising Demand For US Dollar

INSUBCONTINENT EXCLUSIVE:
INR Vs USD: High opening of domestic equity markets capped rupee's losses, said traders.MUMBAI: The rupee weakened by 26 paise to 72.76
against the US dollar Monday, owing to increased demand for the American currency from importers amid increasing global crude oil prices
The international benchmark, Brent crude again breached the $71 a barrel mark by surging 1.21 per cent
Forex traders said besides increased demand of the US currency from importers, the dollar's strength against some currencies overseas
rupee rose by 50 paise to end at 72.50 per US dollar Friday on increased selling of the greenback by exporters amid softening crude oil
rose 99.26 points, or 0.25 per cent to 35,257.81.