This is due to selling of the US currency by exporters amid foreign capital inflows
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There has been persistent foreign capital inflows in stock market
Increased dollar demand from banks on firm global cues influences rupee
Last month, rupee had emerged as the worst performing currency across the globe on a monthly basis
This is due to mild dollar demand from banks and importers
On the back of persistent demand for the US currency
Renewed dollar demand from banks on the back of higher dollar in overseas market influences rupee
Strengthening of the euro on strong Spanish bond auction and upgrade to Greece's credit rating supports the rupee
Increased demand for dollar from oil importers pulls rupee down