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Wednesday, May 04, 2005

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Rupee little changed


MUMBAI: The rupee ended little changed against the U.S. currency on the back of a strong dollar overseas amid receding market speculation of the Chinese yuan revaluation. In another session of quiet and range-bound trading at the interbank foreign exchange market, the rupee closed at 43.5825/5900 a dollar, lower from Monday's finish of 43.5750/5850 after dipping to the day's low of 43.6025/6075.

It opened weak at 43.5850/5950 a dollar. The rupee declined by five paise yesterday after a surge to 2-3/4 month high of 43.52/54 a dollar last Friday. — PTI

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