Home Business Indian rupee drops by 16 paise against US dollar

Indian rupee drops by 16 paise against US dollar

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(G.N.S) Dt. 25 Mumbai In todays early trade Indian rupee drops down by 16 paise at 69.11 against the US dollar on month-end demand for the American currency from importers amid a weak opening in domestic equity market. Besides, the US dollar edged back from a six-week low against the yen and this factor also weighed on the Indian rupee, dealers said.

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