Skip to content
Subscriber Only

India’s Rupee Falls Most in Two-Weeks on Month-End Dollar Demand

Updated on

India’s rupee fell the most in more than two weeks on speculation importers are stepping up purchases of the greenback to pay month-end bills.

The rupee dropped 0.6 percent to end at 63.9775 a dollar in Mumbai, the most since May 7, according to prices from local banks compiled by Bloomberg. The currency has declined 0.9 percent in May, heading for a third straight monthly loss.