Rupee down by 14 paise against dollar

After a brief pause, the Indian rupee on Tuesday declined by 14 paise to 42.68/69 against the greenback due to sluggish trend in Asian equity Markets.

In quite trade at the Interbank Foreign Exchange (Forex) market, the local currency resumed lower at 42.59/61 against previous close of 42.54/55 and dropped further to quote at 42.68/69 a dollar in late morning deals.

Dealers attributed fall in the rupee to bearish equity Markets, where the benchmark Sensex was down by 134 points at10.30 am.

Expectations of slow down in capital inflows due to sustained rise in inflation and rising global crude oil prices above USD 127 a barrel mainly weighed on the rupee sentiment.