Rupee down 59 paise against USD

Rupee down 59 paise against USD

Agency News

Mumbai, May 4 : The Rupee on Monday plunged 59 paise to close at 75.71 on rising demand for US Dollar by bankers and importers, dealers at the forex market said.

The local unit slipped 56 paise to 75.68 in opening trade and finally closed at 75.71, down by 59 paise as compared to its previous close. The domestic unit registered day's high and low at 75.75 and 75.10 respectively. The domestic unit was weak due to strengthening of the greenback and fall in domestic equities. (UNI)