Rupee fell against US dollar - ZENMoney

Rupee fell against US dollar due to dollar demand from importers amidst the strength of greenback in the overseas markets after Federal Reserve Chairman Ben Bernanke confirmed market views that the US central bank expects to start tapering monetary stimulus this year.

A surge in local equities prevented further slide of the currency. Fears of intervention by the central bank also helped keep a lid on the currency's losses.

Source : Equity Bulls

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