Zee Media Bureau
The rupee fell past 65 against the American currency and was quoting lower by 22 paise at 65 per dollar Thursday on fresh dollar demand from banks and importers.
The rupee resumed higher at 64.72 as against yesterday's closing level of 64.78 at the Interbank Foreign Exchange (Forex) Market and firmed up to 64.63 on initial dollar selling by exporters on the back of recovery in the equity market.
Why Indian Rupee has plunged to 2-year low
But it failed to maintain early momentum, trading lower by 20 paise at 65 per dollar on fresh dollar demand from banks and importers.
It moved in a range of 64.63 and 64.99 during the morning trade.
In the overseas market, the dollar suffered from a broad-based weakness against rival currencies yesterday as investors are worried that China's devaluation of the yuan could delay an expected US interest rate hike.
Meanwhile, the Indian benchmark Sensex rose 147.70 points, or 0.54 per cent, to 27,659.96.
With Agency Inputs
