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Rupee drops for the fourth day in a row


The rupee lost ground for the fourth consecutive session as demand from oil importers, pushed the rupee lower against the dollar. The Indian rupee was last trading at 54.31 against its previous close of 54.17.

The Indian rupee has been rangebound for the last few weeks with minimal volatility.

Meanwhile, markets in India were trading strong on the back of robust global cues. The Indian Sensex was up 117 points.

Read more about: currency
Story first published: Tuesday, May 7, 2013, 10:54 [IST]
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