INSUBCONTINENT EXCLUSIVE:
The dollar rose against a basket of currencies recently, causing weakness in the rupee
The interbank
foreign exchange market is closed on Monday for the Buddha Purnima holiday
The rupee had recovered by nine paise to close at 66.66 against the US dollar last Friday
However, for the week, it shed a cumulative 54 paise against the US currency
The dollar rose against a basket of currencies recently, leading to weakness in the rupee against the American currency
Dealers attributed the rupee's fall to increased demand for the US currency from importers due to month-end demand and sustained foreign
