Rupee drops 14 paise against US dollar

News, Business

Mumbai: The rupee weakened by another 14 paise, nearing a fresh seven-month low of 65.78, against the US dollar in early trade at the interbank forex market today on fresh demand for the greenback from importers and banks.

Dealers attributed the rupee's persistent fall to increased demand for the US currency from importers and foreign fund outflows.