Rupee fails to maintain initial gains vs dollar, down 11 paise

 

 

MUMBAI: The rupee failed to maintain initial gains and was quoted lower by 11 paise to 63.95 per dollar in late morning trade on Wednesday on fresh demand for the US currency from importers.

The rupee resumed lower at 63.90 per dollar as against the last closing level of Rs 63.84 at the Interbank Foreign Exchange Market (Forex).

It hovered in a range of 63.68 and 64.20 before quoting at 63.95 per dollar at 10.40am.

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