Rupee plunges 29 paise Vs dollar in early trade

June 18, 2014 09:36

The rupee today fell by 29 paise to 60.32 against the US dollar in early trade on the Interbank Foreign Exchange market due to appreciation of the American currency against other rivals overseas.

Besides, increased demand from importers also put pressure on the domestic unit. Dealers attributed this fall to dollar's gains against other currencies overseas on reports of US inflation rising in May at its fastest pace in more than a year-and-a-half.

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