Rupee trims initial losses, still down 13 paise

Mumbai, Jun 18: The rupee trimmed its early losses against the US dollar but was still quoted lower by 13 paise to 60.16 on demand for the American currency from banks and importers on the back of higher greenback overseas.

The rupee resumed lower at 60.28 per dollar as against the previous closing of 60.03 at the Interbank Foreign Exchange market and dropped further to 60.32 on initial demand for the American unit from banks and importers.