Rupee down 19 paise against dollar

Mumbai, Jun 13: The rupee went down further by 19 paise to 59.44 against the US dollar amid sustained bouts of demand for the American currency from banks and importers.

Earlier, the rupee resumed lower at 59.31 per dollar as against yesterday’s closing level of 59.25 at the Interbank Foreign Exchange market. It quoted at 59.44 per dollar at 1020 hours on bouts of dollar demand and was hovering in the range of 59.55 and 59.31 per dollar during late morning deals.

Meanwhile, Brent North Sea crude gained 57 cents to USD 113.59 per barrel after shooting up to USD 3.07 in London. In New York market, the US dollar dropped against its basket currencies late yesterday in the midst of a statement by head of the Bank of England over first interest rate hike in the UK that could come sooner than currently expected.

Meanwhile, the benchmark BSE Sensex rose 63.43 points, or 0.25 per cent, to 25,639.64 at 1050 hours.