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Rupee continues to decline vs dollar, falls 22 paise

Rupee continued to fall for third trading day, slipping 22 paise to 61.74 per dollar on sustained demand for the US currency from importers and banks amidst its higher value overseas inspite of good foreign capital inflows.
The rupee resumed lower at 61.71 per dollar as against the last closinglevel of 61.52 at the Interbank Foreign Exchange (Forex) Market.
It hovered in a range of 61.69 and 61.83 per dollar before quoting at 61.74 at 1040 hours.
Persistent dollar demand from importers mainly affected the rupee value, a forex dealer said.
The Indian benchmark BSE-30 share index Sensex moved up by 8.23
points or 0.04 per cent to 20,902.12 at 1045 hours.


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