Forex: The rupee reacted downwards by 32 paise to close the week at 67.08 against the American currency on fresh dollar demand from banks and importers in view of slowing down of capital inflows from foreign funds into equity market.
The rupee resumed lower at 67.07 per dollar as against the last weekend's level of 66.76 per dollar at the Interbank Foreign Exchange (Forex) Market and dropped further to 67.33 on strong dollar demand from bankers and importers before ending the week at 67.08 pr dollar, showing a loss of 32 paise or 0.48 per cent.
The rupee had gained 49 paise or 0.73 per cent in the previous week. The rupee had recovered to 66.94 per dollar during the intra-week trade on selling of dollars by bankers and exporters.
In the global market, the US dollar traded mix against its major rivals in Asian trade, while the British pound fell to a two-month low against the dollar during the week ahead of a referendum that could pull Britain out of the European Union. The greenback was under pressure after the US Federal Reserve lowered its economic growth forecasts and scaled back its rate hike projections.
Global headwinds and downbeat data swayed the stock market momentum in a range-bound session for the week as benchmark BSE Sensex ended almost flat by easing 9.84 points to close 26,625.91 while the broader Nifty closed a tad higher 0.15 points to 8,170.20.
