Re drops by 30 paise against $ in morning trade
The Indian rupee fell by 30 paise to 48.38 against the US currency in morning trade on fresh dollar demand from importers, coupled with a strong American unit in the overseas markets.
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(Updated at 0952 hrs)
The Indian rupee today plunged by six paise at 48.14 against the US currency in early trade on increased $ demand from importers and a strong American unit in the overseas market.
At the Interbank Foreign Exchange (forex) market, the domestic currency lost six paise to quote at 48.14 over previous close of 48.08/09.
Forex dealers said heavy $ demand from importers and strengthening $ against major currencies mainly led to the fall in rupee.