<p>In line with equity market, the rupee snapped its three-day winning spree and was lower by 34 paise at 61.78 in late morning trade today on renewed dollar demand from banks and importers amid its higher value overseas.<br /><br /></p>.<p>The rupee resumed lower at 61.50 per dollar as against the last weekend's level of 61.44 at the Interbank Foreign Exchange (Forex) Market.<br /><br />It dropped further to 61.85 before quoting 61.78 per dollar at 1045 hours.<br /><br />It moved in a range of 61.50 and 61.85 per dollar during the morning deals.<br /><br />Crude oil prices edged lower in Asian trade today on growing concerns that the US budget crisis could spiral into a devastating debt default and ravage the global economy.<br /><br />New York's main contract, West Texas Intermediate for delivery in November fell 57 cents to USD 103.27 in mid-morning trade.<br /><br />In New York market, the dollar rebounded against the euro and yen last Friday.<br /><br />Meanwhile, the Indian benchmark BSE-30 share index Sensex dropped by 188 points or 0.94 per cent to 19,728.38 at 1050 hours.</p>
<p>In line with equity market, the rupee snapped its three-day winning spree and was lower by 34 paise at 61.78 in late morning trade today on renewed dollar demand from banks and importers amid its higher value overseas.<br /><br /></p>.<p>The rupee resumed lower at 61.50 per dollar as against the last weekend's level of 61.44 at the Interbank Foreign Exchange (Forex) Market.<br /><br />It dropped further to 61.85 before quoting 61.78 per dollar at 1045 hours.<br /><br />It moved in a range of 61.50 and 61.85 per dollar during the morning deals.<br /><br />Crude oil prices edged lower in Asian trade today on growing concerns that the US budget crisis could spiral into a devastating debt default and ravage the global economy.<br /><br />New York's main contract, West Texas Intermediate for delivery in November fell 57 cents to USD 103.27 in mid-morning trade.<br /><br />In New York market, the dollar rebounded against the euro and yen last Friday.<br /><br />Meanwhile, the Indian benchmark BSE-30 share index Sensex dropped by 188 points or 0.94 per cent to 19,728.38 at 1050 hours.</p>