Business   

Rupee declines sharply against $

MUMBAI: The rupee depreciated sharply to close above the 41-mark at 41.28/30 against the U.S. currency on Thursday on the back of hectic dollar short-covering and firm dollar overseas.

In active trade at the interbank foreign exchange market, the Indian unit opened lower at 40.97/99 a dollar and moved down further to a low of 41.30 a dollar before ending at 41.28/30 a dollar, a steep fall of over 37 paise from Wednesday's close of 40.92/93.

PTI

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

Stories in this Section

Railways offers freight relief to industry
Dell unveils three notebooks
Government exits Maruti Udyog
Indian Airlines floats MRO joint venture
TRAI suggests entry fee for ISPs
KSK Energy to set up power plant
Rupee declines sharply against $
Sensex sheds early gains
Bullion rates
Exchange rates
Cairn India announces new discoveries
Ratan Tata, L N Mittal to attend IIC meet
HDFC Chairman rings opening bell at NYSE
Bajaj Auto to decide on demerger
TDSAT directive to MSOs
Maveric sets up office in New Jersey
Indian Bank global debit MasterCard card launched
SBI MF to launch Infrastructure Fund series
Strides to invest in Grandix Pharmaceuticals
RCom bags West Bengal e-governance project

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu