Besides, persistent demand for the American currency from importers and banks and dollar's strength against other currencies overseas on expectations of a US interest rate hike weighed on the rupee, forex dealers said.

    
The rupee had ended 15 paise lower at 65.88 yesterday on sustained demand for the American currency from banks and importers amid a big fall in domestic equities.

   
Meanwhile, the benchmark Sensex plunged 265.36 points, or 1.03 percent, to 25,386.48 in morning trade.

 

 

Latest News  from Business News Desk