Mumbai: The rupee pared its initial losses to trade almost flat
at 63.67 against the American currency in late morning deals
on bouts of dollar selling by exporters and banks.
The rupee opened higher by 63.67 per dollar as against
yesterday's closing level at 63.68 per dollar at the inter-
bank foreign exchange market here today.
The domestic unit gained further to 63.62 before losing
the gains to 63.77 per dollar on sudden bouts of dollar
demand.
It was trading at 63.67 per dollar at 1130hrs.
Meanwhile, the US dollar was down against basket of major
currencies after investors books profits in wake of last
week s US tax overhaul.
PTI
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