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    Default Rupee falls by seven paise to 46.75 against US Dollar

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    Tracking lower Asian peers and losses in other regional share markets, the rupee depreciated by seven paise to 46.75 against US Dollar in the opening session today, as against its previous close of 46.68, on sustained buying by bankers, traders at the interbank foreign exchange (Forex) said here.



    The partially-convertible rupee was trading in a narrow range after recording the intra-day high and low at 46.77 and 46.72 per USD respectively.

    The Dollar held at a two-month high against the Yen today.

    Most Asian units were also weaker as compared to the greenback.

    Dealers said the month-end demand for US currency from refiners and importers is likely to weigh on the rupee later in the session
    .



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