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Rupee drops sharp 32 paise against USD

Prime News, National, Business, Mumbai, October 3:- The rupee fell sharply by 32 paise to Rs 65.60 against the US dollar on Tuesday as the greenback took on more strength overseas.

Forex dealers said the greenback hit a one and a half month high overseas after US manufacturing activity in September rose to its highest level in 13 years, bolstering expectations of an interest rate hike.

However, they said, a higher opening in domestic equities kept the losses in check.

The benchmark Sensex climbed 331.56 points, or 1.05 per cent, to 31,615.28 in the opening trade on Tuesday.

–(NGB, Inputs: Agencies)

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