MUMBAI: After a brief pause, the rupee bounced back by four paise to close at 65.27 per dollar on fresh selling of the American currency by banks and exporters on the back of lower greenback overseas.The rupee resumed higher at 65.26 per dollar as against the last closing level of 65.31 at the Interbank Foreign Exchange Market and firmed up further to 65.11 on selling of the US currency by banks before concluding at 65.27 per dollar, showing a gain of four paise or 0.06 per cent.

The domestic currency hovered in a range of 65.11 and 65.38 per dollar during the day. The rupee had touched a low of 65.38 during the intra-day trade on month-end dollar demand from importers, mainly oil refiners.

Source: http://timesofindia.indiatimes.com/business/india-business/Rupee-recovers-4-paise-to-end-at-65-27-per-US-dollar/articleshow/49598382.cms

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