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Rupee loses 9.50 paise

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MUMBAI: The Indian rupee lost 9.50 paise against the greenback at 39.76/77 on Wednesday, the lowest level in almost three months, on heavy demand for dollar despite a surge in stock markets.

The lowest level before this was recorded on November 28 last year at 39.80/81. The rupee premiums on forward dollar also fell sharply.

At the interbank foreign exchange market, the rupee moved in a range of 39.60 and 39.89.

The rupee had closed at 39.6650/6750 a dollar on February 12. — PTI


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