Indian Rupee Drops Marginally against US Dollar on Thursday's Late Morning Deal (09/05/2013)

The Indian Rupee Down 10 Paisa to 54.26 per US Dollar in late Indian Morning Trade. It's caused because of heavy demands of US $ from importers despite its weakness overseas . The rupee resumed marginally higher at 54.14 per dollar as against the last closing level of 54.16 at the Inter Bank Foreign Exchange Market.

Rupee trading in between 54.28 to 54.14 against US dollar . (Range Bound Trading). At the Inernation Market, USD weekend against Australian dollar (AUD) in early Australian Morning Trade following stronger than anticipated monthly Jobs report fueling expectation about the next move for Australian Key's Interest Rates . 

source- The Economic Times