Business   

Rupee loses eight paise

MUMBAI: In highly volatile trading, the rupee on Thursday closed weak against the U.S. currency on the interbank foreign exchange market due to fresh dollar demand.

Against the U.S. currency, the rupee opened weak at 46.16/18 a dollar against last close of 46.11/12, but later recovered steeply to hit an intra-day high of 46.01 on heavy dollar sales, forex dealers said.

However, the firm trend was short-lived as fresh demand for dollar pulled down the Indian currency to a low of 46.23 before closing at 46.19/20.

PTI

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

Stories in this Section

Reliance, Nokia to offer sub-Rs. 2,000 handset
Auto industry seeks tax holiday, import duty cut
Royal Philips to focus on BRIC countries
HDFC real estate fund allowed investment
Maharashtra gives nod for octroi abolition
ICAI to set up accounting body in UAE
Sensex suffers setback
Rupee loses eight paise
Capgemini buys stake in HLL's BPO unit
Plea to hand over health insurance scheme to public sector company
Companies deny polluting Periyar
Canon targets turnover of Rs. 500 crore
Spices Board offer for Tashkent Expo
Exchange rates
Bullion rates
Credit Counselling Centre
Progeon renamed Infosys BPO
Hindustan Zinc hikes prices
Uttam Galva, JSW raise steel prices
EU backs Vietnam's bid to join WTO
Chemplast acquires PVC pipes businesses of 2 cos.
NIIT Tech ties up with Swiss firm
IHCL launches new hotel in Bhubaneshwar
Gera Developments, Citigroup Property form JV
IBA announces themes for Bhabha scholarship
Priyadarshini Spinning appoints consultant
ICI Paints' expansion plans
Rajesh Exports bags Kuwaiti firm order
Rajasthan sets up TAFCUB

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