Rupee tumbles down against US dollor

The Indian  rupee  on Monday ended lower against the US dollar by tumbling 20 paise at 63.84 due to the looming debt default crisis in Greece amidst month-end demand for the greenback from importers.

Gaining some ground, the rupee recovered against the euro at 70.97 from 71.25 previously but fell against the pound sterling to 100.29 from 100.09 earlier.

The domestic unit opened lower at 63.80 against the US dollar at the Interbank Foreign Exchange (Forex) and dropped sharply to 63.94 on heavy demand for the American currency before ending down by 20 paise, or 0.31 per cent, at 63.84.

The rupee has lost 32 paise, or 0.50 per cent, in five trading days. cashIt moved in a range of 63.80 and 63.94 per dollar during the day.


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