Rupee falls down 38 paise against US dollar

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The domestic currency weakened to over three weeks low-lying against the dollar, downward by 38 paise to Rs 62.07 in late morning trade on sustained bouts of desired for the greenback from banks and importers amid bullish US currency overseas. The rupee continued sharply lower at 62.00 as against last Friday's end of 61.69 at the Interbank Foreign Exchange ( Forex) market here. It further lost ground at Rs 62.12 and was quoting at 62.07 at 1035 hrs. The local currency hovered in a range of 62.12 to 61.9/dollar during the late morning trade.

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