Rupee falls further to 57.14 against the dollar

Rupee falls further to 57.14 against the dollar Mumbai: The rupee was down 12 paise to 57.14 against the dollar Wednesday on persistent demand for the American currency from banks and importers.

Besides, the dollar has gained strength against other currencies in the overseas market.

The rupee resumed lower at 57.06 per dollar as against the last closing level of 57.02 per dollar at the Interbank Foreign Exchange (Forex) market and dropped further to a low of 57.17 before quoting at 57.14 at 1100hrs.

Persistent dollar demand from banks and importers on the back of higher dollar in the overseas market mainly affected the rupee value against the dollar, a forex dealer.

In global market, the euro fell to its lowest against the dollar in more than two weeks yesterday.

Meanwhile, the BSE 30-scrip index, Sensex, was up 80 points or 0.47 percent.

PTI