Business   

Rupee weakens

MUMBAI: Rupee weakened against the U.S. currency on Wednesday on a fresh round of heavy dollar short-covering amid renewed suspected buying intervention by the central bank even as the outlook remains positive on a steady FII inflows and tumbling crude oil prices.

Surrendering overnight gains, the rupee closed at 44.25/26 a dollar, a 4-1/2 paise decline from Tuesday's close of 44.2150/2250, but a smart rally from a low of 44.27/28 struck in late morning deals. It opened at 44.22/23 a dollar. — PTI

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

India takes up Mittal bid with EU
IT, ITeS exports set to cross Rs. 100,000 cr. in 2005-06
Reliance Petroleum raises $1.5b
Tata group, State Bank launch credit card
Gitanjali Gems IPO opens today
Pratibha fixes price band at Rs. 100-120
SICAL's investment plans
Salim's two-wheeler unit in Bengal
Rupee weakens
FMCG sector leads turnaround
Exchange rates
Bullion rates
Edible oil base import price raised
India, Italy sign new air services pact
Dabhol project to restart from May 15
HPCL to raise $200 m through ECBs
SBI to decide on lending rates soon
Megasoft to launch VOISE in Spain
AB Mauri bets on yeast and bakery business
TAKE's foray into content supply chain domain
Wockhardt recommends 100 p.c.
Gail India declares 20 p.c. interim
Godrej and Boyce introduces new range of A/cs
Avalon Tech's cable harness plant on stream

Copyright © 2006, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu