The Indian rupee ended lower by another 25 paise to 61.52 against the US dollar on persistent demand for the Greenback from importers and banks on the back of higher dollar in overseas market amidst volatility in equity markets.
The rupee resumed lower at 61.35 per dollar as against the last weekend's level of 61.27 at the Interbank Foreign Exchange (Forex) Market and dropped further to 61.58 before ending at 61.52 per dollar, showing a loss of 25 paise or 0.41 per cent.
The domestic unit hovered in a range of 61.33 and 61.58 per dollar during the day.
Meanwhile, the BSE Sensex moved up marginally by 11 points, or 0.05 per cent, to end at 20,893.89.
Oil prices edged higher by 10 cents to $100.91 a barrel in Asian trade on Monday as dealers await long-delayed US economic data for clues about the health of the world's largest crude consumer, analysts said.
The US stimulus programme has been credited with fuelling a global equities rally for most of the year. The US Central bank said in September that it would not wind down the programme if there was no broad improvement in the world's largest economy.
Source:- http://businesstoday.intoday.in
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