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PTI
Mumbai
The rupee continued to fall against the American currency for the third day on Monday, slipping by another three paise to 2-month closing low at 66.80 per dollar on persistent dollar demand from banks and importers on the back of higher dollar in the overseas market.
Rise in curde oil prices also affected the rupee-value against the dollar, a forex dealer said. The rupee resumed lower at 66.90 per dollar as against the last weekend's level of 66.77 per dollar at the Interbank Foreign Exchange (Forex) Market and moved down to 66.91 per dollar on initial heavy dollar demand from banks.
However, it trimmed its initial losses and recovered 66.7225 per dollar before ending at 2-month closing low at 66.80 per dollar, still showing a loss of 3 paise or 0.04 percent.
The domesic currency has lost 24 paise or 0.36 per cent in three trading sessions. The rupee had last ended at 67.22 per dollar on March 16, 2016. The domestic currency hovered in a range of 66.7225 per dollar and 66.9100 per dollar during the day. The dollar index was down by 0.0074 per cent in the late global trade against a basket of six global currencies.
