Business   

Rupee edges down

MUMBAI: The rupee on Wednesday closed marginally down at 39.43/44 against the U.S. dollar in lacklustre activity due to weakness in Asian equity markets. It closed at 39.41/42 on Tuesday.

At the interbank foreign exchange market, the Indian unit resumed at 39.40/41 and later moved in a narrow range of 39.3900 and 39.4475.

Attributing the dull trade to New Year holidays in global markets, particularly the U.S., forex dealers said the market lacked direction as investors were in a holiday mood. — PTI

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

Stories in this Section

Short-selling by FIs, MFs allowed from February 1
Sensex, Nifty scale new peaks
OVL, Hindujas to tie up
‘Ensure spectrum availability for 3G’
Corporation Bank targets Rs. 1 lakh crore business
Sops for grid interactive solar plants
Industrialist Sadhan Dutt passes away
RIL, GAIL on hunt for petro hub
Rupee edges down
Exchange Rates
Bullion Rates
FM to meet PSB chiefs on Friday
Realty meet from Jan. 7
Steel majors raise HR coil prices
‘Review duty on CRGO steel’
TVS Motor’s exports double in December
Hyundai Motor sales up 9.2 p.c.
Ranbaxy to market cetirizine in U.S.
Avesthagen becomes a limited company
Bajaj Allianz infuses fresh capital
Sonata Software adds new client
Salem Steel implements CSR initiatives
Zicom appoints senior team members

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu