November 11, 2013 12:11 PM

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Rupee drops by 83 paise against dollar

The rupee dropped by 83 paise to 63.30 against the American currency after a gap of nearly eight weeks on persistent dollar demand from importers and banks on the back of higher dollar overseas. The rupee resumed lower at 63.00 per dollar as against the last weekend's level of of 62.47 per dollar at the Interbank Foreign Exchange, Forex Market.In New York, the American currency jumped last Friday after the US created twice as many jobs in October as Wall Street had expected.

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