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Indian Rupee down 10 paise against dollar

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1 Indian Rupee down 10 paise against dollar on Fri Jul 05, 2013 1:10 am

Erasing all initial gains, the rupee today fell by 10 paise to 60.23 in late morning deals on fresh dollar demand from banks and importers amid the US currency strengthening overseas.

The rupee resumed higher at 60.06 per dollar as against the last closing level of 60.13 at the Interbank Foreign Exchange ( Forex) market.

It firmed up further to 60.00 per dollar on selling of the US currency by banks on capital inflows from foreign funds in view of strong equity market.

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