Indian rupee logs biggest fall in a week vs US dollar

May 17 2013, 18:57 IST
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SummaryIndian rupee commenced lower from previous close of 54.77 and immediately touched 55.00.

to 157-1/2-159-1/2 paise from Thursday's close of 158-1/2-160-1/2 paise.

Far-forward contracts maturing in April settled lower at 319-1/2-321-1/2 paise from 321-1/2-323-1/2 paise.

The RBI fixed the reference rate for the US dollar at 54.8865 and for the euro at 70.5785.

The rupee remained weak against pound sterling to end at 83.68 from overnight close of 83.39. It also moved down further against the euro to 70.65 from 70.50.

Rupee declined against the Japanese yen to 53.56 per 100 yen from last close of 53.40.

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