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Rupee down 17 paise against US dollar

PTI 12 Jun 2012, 11:47:59 IST
Mumbai, June 12: The rupee fell further to 55.91, down 17 paise, against the US dollar on persistent demand for the American currency from banks as it firmed against other currencies as well amid weak equity markets.

The rupee resumed lower at 55.80 per dollar as against the last closing level of 55.74 at the Interbank Foreign Exchange (Forex) Market.

It moved between 55.75 and 55.98 per dollar before quoting at 55.91 at 1030hrs.