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Rupee fails to maintain initial gains vs dollar, down 10 paise

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Press Trust of India Mumbai

The rupee resumed higher at 55.75 per dollar as against 55.80 at the Interbank Foreign Exchange (Forex) market on mild selling of dollars from banks.

However, it washed out its earlier gains and fell to 55.92 per dollar before quoting at 55.90 per dollar at 1100hrs on fresh dollar demand from banks on the back of higher dollar in New York market.

  

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First Published: Jun 13 2012 | 12:36 PM IST

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