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Rupee loses further ground


MUMBAI: The rupee lost heavy ground against the U.S. currency Friday due to renewed dollar demand from banks on the back of a resurgent dollar overseas with sentiment partly affected by the global weakness in equity markets.

In a nervous trade at the interbank foreign exchange market, the rupee closed at 43.8225/8300 a dollar, over eight paise decline from Wednesday's finish of 43.74/75 after hitting the day's low of 43.8375/8450.

It opened distinctly weak at 43.80/81 a dollar. — PTI

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