The rupee fell for the third consecutive session on Wednesday against the US dollar, slipping by six paise to close at a fresh one-month low of 62.25 on persistent dollar demand from banks and importers. Talk of persistent foreign capital outflows also affected the market sentiment, said brokers, adding that the rupee weakened amid strength in the dollar in global markets.
The Indian currency resumed sharply lower at 62.26 against Tuesday’s close of 62.19 at the forex market here. It dropped further to 62.30 on sustained dollar demand from importers before finishing at 62.25. The rupee has now dropped by 56 paise or 0.91 per cent in the last three days