Rupee Down by 30 Paise Against USD


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Mumbai, May 17 (UNI) The Rupee on Friday tumbled down by 30 paise to 70.32 against the USD Dollar in early trade on rising demand for US Dollars by importers, dealers at Forex Market said.

The rupee opened weak at 70.22 at the interbank forex market and then fell further to 70.32, down 30 paise over its last close.

It registered intra day high and low 70.26 and 70.15 against US Dollars respectively.

The local unit declined owing to firm dollar against other world currencies and rising crude oil price, they added. However, a positive opening in domestic equities supported the local unit and restricted the fall. On Thursday rupee rose by 31 paise to settled at 70.02 against the US dollar.


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