Rupee declines 8 paise to close at 89.30 against US dollar
Mumbai, Nov 27 (PTI) The rupee depreciated 8 paise to settle at 89.30 (provisional) against the US dollar on Thursday amid a firm greenback due to its higher demand from importers and banks. The Indian currency, however, found support from foreign capital infusion into domestic stock markets and lower crude oil prices in the international market, forex experts said. At the interbank foreign exchange market, the rupee opened at 89.19 and touched the intra-day low of 89.40 against the greenback. The unit closed the session at 89.30 (provisional) against the dollar, registering a loss of 8 paise from the previous