Rupee falls against dollar

The rupee continued to rule easy against the American currency

MUMBAI: The rupee continued to rule easy against theAmerican currency in the late morning trade by slipping 4 paise to 54.40 per dollar on month-end dollar demand from importers amidst higher dollar overseas. The rupee resumed lower at 54.47 per dollar against Tuesday's closing level of 54.36 per dollar at the Interbank Foreign Exchange (Forex) Market and hovered in a range of 54.36 per dollar and 54.48 per dollar before quoting at 54.40 per dollar at 1040 hrs. Month-end dollar buying from importers mainly refinery companies affected the rupee value against the dollar, a forex dealer said.