| Date: |
06-11-2008 |
| Subject: |
Greenback In Early Trade On Heavy Dollar Selling - Nov 06, 2008. |
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The Indian rupee on Nov 5 appreciated to one month high against the greenback in early trade on heavy dollar selling by state-run banks and increased inflows by foreign funds on gains in equity markets. The domestic currency closed at 47.46/50 on Wednesday, 0.5% stronger than 48.69/70 at close on Tuesday. It opened strong at 47.19 and later moved up at 46.70 against the US dollar. The Bombay Stock Exchange benchmark Sensex on Tuesday rose by over 290 points. With this, it has gained over 2,100 points in the last five trading sessions.
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