Rupee logs sharpest fall since June 8, ends at 95.24 against dollar

The Indian rupee recorded its sharpest single-day fall since June 8, closing at 95.24 against the US dollar. According to Anil Bhansali of Finrex Treasury Advisors, the RBI was selling dollars around 94.75 and 95 levels to stem the decline, particularly ahead of expected inflows from FCNR deposits and European Central Bank loans.