Mumbai: The rupee on Tuesday fell by 43 paise to close at 65.18 against the American currency on persistent dollar demand from banks and importers amidst lower greenback in the overseas market.
The rupee resumed lower at 64.88 per dollar as against yesterday's level of 64.75 at the Interbank Foreign Exchange market. It hovered in a range of 64.85 and 65.19 per dollar during the day before ending at 65.18, showing a loss of 43 paise or 0.66 per cent.
The dollar index was traded lower by 0.07 per cent as against a basket of six currencies.
In overseas market, the dollar languished around three-week lows against a basket of currencies in early Asian trade amid fading expectations about the US Federal Reserve hiking interest rates as early as this month.
The yen today strengthened against its rival currencies in late Asian trade as slumping Asian stocks and weak China trade data prompted investors to buy the safety of the Japanese currency.
Meanwhile, the benchmark BSE Sensex declined further by 57.58 points or 0.21 per cent.
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