Rupee devalue by four paise to 63.29 averse to the US dollar in trade today at the Interbank Foreign Exchange on new desire for the American currency from banks and importers. Forex dealers said besides the dollar's gains profit against other Asian currencies, increased requirement for the American unit from importers donate to the rupee's weakness but a sky-high opening in domestic equities, capped the slide. Rupee had gained profit by five paise to end at 63.25 against the dollar in last day trade on new selling of the US currency by exporters amid bullish stocks. The benchmark BSE Sensex increased by 49.46 points, or 0.18 per cent, to 27,751.25 in trade today.
Trading higher in Rupee at 63.4175/4250 vs Monday's ending of 63.24/25. At the end of the month dollar demand from oil companies fueled earns. Increase in Dollar on expectations of a rate hike by US provide sometime next year. Pair was seen in 63.25 to 63.45 range during the day.
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