Business   

Rupee declines further

MUMBAI: The rupee continued to fall against the dollar due to increased dollar demand from corporates and oil PSUs and closed lower at 46.1650/1750.

In active trading at the interbank foreign exchange market here, the Indian unit opened sharply lower against the dollar at 46.19/21 against the previous close of 46.1350/1450.

Later, it improved marginally and closed at 46.1650/1750, still lower than the previous close, according to dealers.

Dealers attributed the early weakness in the rupee to heavy dollar demand by both corporates and oil PSUs for import purpose. — PTI

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

Stories in this Section

Govt. plans five manufacturing investment regions
Tatas' Rs. 1 lakh car in 2008
IBM's new tool offers more data storage in less space
Sensex suffers setback, drops 70 points
LG unveils premium designer mobile phones
All new WagonR set for launch
MindTree centre in Chennai
SIB ties up with Sundaram Mutual
Sharjah offers business opportunities
Efforts on to form cluster of dies and tools units
Rupee declines further
Exchange rates
Bullion rates
Tax collections up 19 p.c.
Oil Ministry against RIL gas sale
Norm for UCBs in priority sector lending
Orissa group to expedite Mittal project
Workshop on hedging for textile mills
Hero Hondo net profit up
Tata Power joins hands with Siemens
BOI launches `Samanya Credit card'
Mediaware launches Radio Media Workflow
Pequot Ventures invests $10 m in IMImobile
Sahara Computers certified by NVIDIA
SIB declares 18 p.c. dividend
Retail outlet for lifestyle products
GE oil & gas to supply compressors to RPL
Radio City to set up 16 FM stations
Four Soft to establish technology centre in Pune

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