Rupee drops sharply to 64.20 Vs dollar

August 26, 2013 11:58

The Indian rupee dropped sharply to 64.20 per dollar in late morning trade today on good demand for the US currency from banks and importers due to rise in crude oil prices.

The rupee resumed lower at 63.65 per dollar as against the last weekend's level of 63.20 at the Interbank Foreign Exchange (Forex) Market and dropped further to 64.20 at 1040 hours, showing a fall of 100 paise or 1.58 per cent.

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