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Rupee ends little changed; inflation in focus

Rupee ends little changed; inflation in focus
The rupee dropped 11 paise to 62.42 against the dollar on Tuesday on demand for the US currency from banks and importers amid subdued local stocks. The rupee resumed lower at 62.40 per dollar compared with the previous close of 62.31 at the interbank foreign exchange market. It hovered in a range of 62.43 to 62.34 and was quoted at 62.42 per dollar at 1045 hours. Banks and importers sought to increase their dollar positions, a forex dealer said. Capital outflows from foreign funds also affected ...
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