Rupee reverts back at 43.30/31 per USD

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Forex
Mumbai, Jul 3: Rupee reverted towards the lower end at 43.30/31 per US Dollar, lost nearly 14 paise as compared to previous close of 43.16/17 following the down trend in the stock market triggered after global oil prices hit a fresh record high.

Indian unit weakened against the greenback, after global crude prices climbed to a record above USD 144 per barrel pushing local stocks lower and intensifying concerns of further capital outflows, dealers said. Rupee had hit a 15-month low of 43.50 on Tuesday, July 2.

UNI

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