Rupee drops 47 paise against USD

Mumbai: The Rupee on Friday dropped 47 paise at 76.72 in the opening session against the US Dollar on brisk demand for the Dollar by bankers and importers, dealers at the Foreign Exchange said.
The Rupee was seen weak owing to a strong Dollar against other world currencies amid a weak opening in stock market, the dealers said.
The Rupee registered the day’s high and low at 76.63 and 76.75 respectively against the Dollar, the dealers added.