Rupee falls to nearly 1-month low

The rupee on Friday fell for the second day and depreciated 17 paise to end at nearly one-month low of 61.72 against the greenback on sustained dollar demand even as local stock indices surged to new highs.

The rupee resumed lower at 61.61 per dollar against Thursday's closing level of 61.55 at forex market.

Later, it slipped further to 61.83, before concluding the day at 61.72 to the dollar, reporting a loss of 17 paise or 0.28 per cent. This is its lowest close since ending at 61.83 per dollar on October 16, 2014.

On Friday, it moved in a range of 61.60 and 61.83 to the dollar during the session.