| Date: |
15-04-2011 |
| Subject: |
Rupee Slightly Down Due To Weak Shares |
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The Indian rupee was slightly down in early trades on Friday on the back of negative local shares and mild gains in the dollar in Asia trades.
At 9:30 a.m., the partially convertible rupee was at 44.5525/5575 per dollar, marginally weaker than Wednesday's close of 44.50/51. The local forex market was closed on Thursday for a holiday.
Indian shares were down nearly 1 percent in early trades on Friday, with Infosys Technologies leading the decline after the outsourcer reported lower-than-expected fourth quarter net profit.
The index of the dollar against six major currencies was up 0.1 percent at 74.760 points.
Traders expect the rupee to trade in a range of 44.38-44.58 per dollar intraday.
Source : economictimes.indiatimes.com
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