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Rupee ends at over 2-1/2 month low, down 8 paise to 67.44


The rupee on Friday weakened by another eight paise to close at two-and-a-half-month low of 67.44 to a dollar, falling for the seventh straight session, on persistent demand for the US currency from banks and importers amid higher crude oil prices and fall in domestic equities.

Foreign capital outflows also affected the rupee value against the dollar, a foreign exchange (forex) dealer said.

Brent crude powered back above $49 a barrel in Asia on Friday, as oil prices resumed their rise after the dollar eased and militants blew up another pipeline in African producer Nigeria.

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Alisha Singh

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