Rupee snaps 2-day losing string

Snapping its two-day of losing string, the rupee on Wednesday (20 March 2013) edged up by a paisa to end at 54.36 against the Greenback on late dollar selling by exporters amid weak USD overseas.

Rupee started lower at 54.54 a dollar from previous close of 54.37 and declined further to a low of 54.56 at the Interbank Foreign Exchange (Forex) market on continued dollar demand from importers at early stages and hesitance in local equities on political uncertainty.

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