Business Update : Rupee down 18 paise against USD

Mumbai, Oct 28 : The Rupee on Wednesday slipped by 18 paise to close at 73.88 against the US Dollar on rising demand for US Dollars by bankers and importers, dealers at the Forex Market said.

The local unit that rose by four paise to 73.66 in early trade, declined by 18 paise to settled at 73.88
as compared to its previous close.

The Rupee was seen weak owing to firm Dollar against other world currencies, dealers added.
The rupee registered intra days high and low at 73.93 and 73.63 respectively, he added.


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