News:
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
Advts:
Classifieds |
Employment |
Obituary |
Business
Rupee loses further ground
MUMBAI:
The rupee lost further ground against the U.S. currency on Thursday after a strong global dollar fuelled sustained demand from oil corporates.
Closing at 46.25/26 a dollar, another two paise decline from Wednesday's close of 46.2350/2400, the rupee had tumbled to a low of 46.33/35 on persistent dollar demand from oil corporates and importers. It, however, opened on a firm note at 46.20/21.
Relatively firm global oil prices at $59.41 a barrel weighed on the rupee value, dealers said. Exporter dollar sales, however, partly cushioned the rupee's fall. The rupee declined by five paise on Wednesday.
Widening current account trade deficit, a robust global dollar, slowdown in foreign institutional investment inflows amid worries over rising crude oil prices kept the rupee under pressure.
PTI
Printer friendly
page
Send this article to Friends by
E-Mail
Business
News:
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
Advts:
Classifieds |
Employment |
Obituary |
Updates:
Breaking News |
|
