Saturday, Jun 12, 2004
Saturday, Jun 12, 2004 |
| Business | ||||
|
News:
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Advts: Classifieds | Employment | Obituary | Business
MUMBAI, JUNE 11. The rupee lost another nine paise against the U.S. currency today, dragged down by sustained heavy all round dollar demand in the face of a resurgent dollar overseas, amidst rising oil prices and concerns over a possible hike in global interest rates. Slight nervousness gripped the interbank foreign exchange market after the rupee opened relatively weak at 45.06/08 a dollar and gradually declined to 45.15/16 at close, pulled down by steady dollar demand from banks, dealers said. The rupee lost eight paise yesterday after sentiment turned weak, following a fresh surge in global oil prices amidst interest rate uncertainties that arrested a eight-session strong rally. A resurgent dollar overseas, fuelled fresh dollar demand from corporates and importers and a rise in global oil prices, induced large offshore oil companies to cover short-dollar positions, a forex dealer said. PTI
Printer friendly
page
News:
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2004, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu
|
