The rupee breached the 64 per dollar mark to hit its lowest in 20 months on Thursday. It last traded around these levels in September, 2013.At the day's low, the rupee hit 64.25 per dollar, down 71 paise or over 1 per cent against Wednesday's close of 63.54 per dollar. It is now on course to for a sixth straight day of fall.Increased demand for dollar from importers and banks also weighed on the rupee, forex dealers said.
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For First Time In 20 Months Rupee Breaches 64 Against Dollar
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Against Dollar Rupee Slips 7 Paise
The rupee fell seven paise to 63.59 against the US dollar in early trade on Monday at the Interbank Foreign Exchange due to rise in the greenback’s value against other global currencies.Forex dealers attributed the fall to the dollar’s strength on jump in US core inflation and demand for the American currency from importers.
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