Business   

Rupee weakens

MUMBAI: The rupee weakened against the U.S. currency after a surge in global crude oil prices fuelled hectic dollar demand from oil corporates and importers even as a retreating dollar overseas and a few positives in the slack season credit policy helped to cushion its fall.

In a choppy two-way trading at the interbank foreign exchange the rupee closed at Rs 45.17/18 a dollar, a five paise decline from Monday's close of Rs. 45.12/14 a dollar after a tumble to a low of Rs. 45.26/27 in intraday deals due to heavy dollar demand from oil companies, dealers said. — PTI

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

Stories in this Section

RBI tightens provisioning for housing, personal loans
Panels on banking issues to be set up
Sensex crosses 11800-mark
Cabinet clears UBI write-off
Wipro forays into lighting for retail chain stores
Oil prices hit new record
`Decision soon on allowing Chinese investments'
Chemin Coatings pact with U.S. firm
Take Solutions buys two U.S. firms
Super Spinning buys plant in Turkey
Rupee weakens
Exchange rates
Bullion rates
PM to head panel on manufacturing
Infosys looks for talent in U.S. universities
Susan Schwab named new USTR
TDSAT issues notice to TRAI
BIS wants industry to match global standards
Oracle to strengthen presence in Coimbatore
TEA welcomes annual credit policy
Greaves ties up with U.K. firm, opens tech centre
Ceequence pact with Allianz Cornhill
Godavari Fertilisers raises dividend
Coromandel Fertilisers pays 85 p.c.
Charles Schwab to use SumTotal solution
Mahesh Coop. Bank to introduce core-banking
Corporation Bank audited results on April 26
Microsense partners with LightPointe
Swiss joins Star Alliance
Microsoft unveils new products
Hutch reduces local SMS rates
Kamdhenu Ispat's IPO oversubscribed
IBS Software solution for Nippon Cargo

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