Business   

Rupee closes lower

MUMBAI: The rupee on Friday closed slightly lower against the U.S. currency following fresh dollar demand by banks amid firm dollar overseas.

In quiet trading at the interbank foreign exchange market, the Indian unit resumed higher at 46.14/16 a dollar against Thursday's close of 46.19/20. Thereafter, it moved widely in a range of 46.1300 and 46.2400, before closing at 46.2250/2350.

The Reserve Bank of India fixed the reference rate for the U.S. currency at Rs. 46.20 and for the single European unit at Rs. 58.72.

PTI

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

Stories in this Section

Men who made a mark in the ICT sector honoured
Nortel to source more from India
DGH vested with more powers
Modern Foods to be merged with HLL
New Income-tax Act likely in 2008
Reliance Comm to raise headcount
M&M plans Rs. 1,000 cr. investment on expansion
Rupee closes lower
Sensex, Nifty stage recovery
Rs. 1 cr. fine imposed on Goldman Sachs
Exchange rates
Bullion rates
Inflation rate breaches 5 p.c.-mark
LML declares itself sick
VSNL files petition in Holland court
Investor helpline launched
Forex reserves rise by $1.13 b
Kotak Life to expand presence in Coimbatore
Book in Tamil on service tax
Sunlit Solar starts module manufacturing
HP opens new facility
e4e expands Chennai operations
ACMA award for Sundram Fasteners

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