Rupee dips to two-week low of 60.23

MUMBAI: The Indian rupee Tuesday lost six paise to register its two—week closing low of 60.23 against the dollar on sustained dollar demand from importers.
A firm overseas and capital outflows also weighed on the rupee, a forex dealer said.
At the Interbank Foreign Exchange (Forex) market, the domestic unit commenced sharply lower at 60.34 a dollar from last weekend’s close of 60.17.
The rupee later recovered on dollar selling by exporters to a high of 60.20 before settling at 60.23, still showing a fall of six paise or 0.10 percent from its previous close. —PTI