Rupee breaches 54; drops 23 paise

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Rupee breaches 54; drops 23 paise
The rupee breached the 54 mark again today, dropping by 23 paise against the dollar at 11.10 pm. Demand for dollar from oil importers saw an impact on the rupee, which has been moving a steady range for the last few weeks.

The US dollar was also trading higher against a host of currencies and exhibited strength ahead of the US elections slated for Tuesday.

Read more about: currency
Story first published: Monday, November 5, 2012, 11:14 [IST]
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