| Date: |
19-10-2011 |
| Subject: |
Rupee Down 35 Paise at 49.29/30 on Fresh Dollar Demand |
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MUMBAI: Snapping its two-session gaining streak, the rupee today closed at a week's low of 49.29/30 after losing 35 paise against the US dollar amid fresh dollar demand from importers and a decline in stocks.
During the day, the local currency touched a low of 49.36 and a high of 49.065 at the Interbank Foreign Exchange (Forex) market here.
Fresh demand for the American unit from importers, mainly oil refiners, and some banks in view of dollar firmness in overseas markets kept the rupee under pressure throughout the day, dealers said.
Source : timesofindia.indiatimes.com
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