The rupee continued to fall against the American Dollar for
the third day in the morning trade on Thursday 10th April by
slipping by another 14 paise to 60.28 on good dollar demand from banks and
importers.
However, persistent foreign capital inflows into equity
market restricted the rupee's fall against the dollar, a forex dealer said.
The rupee resumed higher at 60.05 per dollar as against the
last closing level of 60.14 at the Interbank Foreign Exchange market on initial
selling of dollars by some banks.
However, it declined immediately to 60.30 per dollar on
fresh dollar demand from banks and importers before quoting at 60.28 at 1000
hours.
It hovered in a range of 60.05-60.30 per dollar during the
morning deals.
However, in New York market, the dollar fell further against
the euro on Wednesday after minutes from the Federal Reserve's March meeting
detailed risks that could keep interest rates depressed even after the first
rate hike.
Meanwhile, the benchmark Sensex rose to an all-time high of
22,792.49 before quoting at 22,721.78 at 1000 hours, showing a rise of 19.44
points, or 0.09 per cent, from its last close.
