Rupee dips; more fall expected

Friday, 20 April 2012 02:35 -     - {{hitsCtrl.values.hits}}

The rupee yesterday fell 0.9 per cent to close at 129.70/90 a dollar compared to Wednesday’s close of 128.60/70 due to considerable importer dollar demand.

Reuters quoting unnamed currency dealers said the market is bracing for further depreciation when the central bank stops its dollar supply to meet oil bills from the next month.