Rupee falls by 9 paise vs dollar

Month-end dollar demand,especially from oil refiners,mainly affected the rupee value against the dollar,a forex dealer said.

Persistent capital outflows from foreign funds in view of weak equity markets,coupled with a higher dollar in overseas markets,were the other factors behind the fall in the rupee value.

The dollar edged slightly higher against a basket of currency rivals in New York yesterday as US stock indices pared gains,forcing currency traders to adjust their estimations of how strongly investors are willing to move into riskier assets.