Business   

Steep fall in rupee

MUMBAI: The rupee on Tuesday declined steeply against the U.S. currency and closed at 46.03/04 a dollar due to fresh dollar demand after a sharp rise in dollar against other world currencies.

In active trading at the interbank foreign exchange market here, the Indian unit resumed on a weak note at 45.9550/9650 and plunged further to 46.0300/0400, steeply lower than Monday's close of 45.9125/9225.

On Monday, the rupee had strengthened following suspected dollar selling by state-owned banks on behalf of the Reserve Bank of India to check sharp fall in value.

PTI

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

Stories in this Section

Lanco Group restructures
Maran for pricing 3G spectrum
Direct marketing companies seek separate law
India Cements turns around
ICICI OneSource's overseas centres
BSE/NSE NOTES
ICICI Prudential to increase its presence in State
MPEDA on a mission mode to expand
BSNL lowers fixed line tariffs for OneIndia plan
Steep fall in rupee
Exchange rates
Bullion rates
Panel to review service tax circulars
Honda Siel wins excise case
Reliance Comm., Intel join hands
Administrators for Priyamvada estate
1:1 bonus from Bhagyanagar Metals
MCX, India Post establish Gramin Suvidha Kendra
Atul Auto profit up
Seshasayee Paper pays Rs. 2.50 per share
Italcementi's expansion plans
Chola DBS opens personal finance branch
GalaxE.Solutions to expand
Italcementi's expansion plans
i-mate launches smart phone
ICAT offers career counselling
Ind-Sigma Infotech to open software centre

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