Rupee Falls 14 Paise, Drops To New 5-Month Low Against US Dollar As Crude Oil Breaks $72 Level

The Indian rupee extended losses for the second straight session on Thursday falling as much as 14 paise to a fresh 5-month low against the US dollar as Brent crude broke $72 per barrel mark in the early dealings today. The rupee opened flat at 65.29 per US dollar on Thursday after slipping to a five-month low on Wednesday. Within minutes, the domestic currency dropped about 14 paise to 65.45 apiece US dollar at the interbank foreign exchange market in the morning trades on Thursday. Earlier yesterday, the rupee slid about 32 paise or 0.49% to a five-month low 65.31 vs US dollar. The Reserve Bank of India has fixed a reference rate of 65.1272 against US dollar on Wednesday. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774