| Date: |
22-02-2011 |
| Subject: |
Rupee Down From 7-Week High On Weak Asian Currencies, Shares |
|
MUMBAI: The Indian rupee fell on Tuesday from the 7-week high touched in the previous session, tracking losses in domestic shares as well as other Asian currencies.
At 9:23 a.m., the partially convertible rupee was at 45.1700/1750 per dollar, weaker than 44.985/995 at close on Monday when it had touched 44.985 -- its strongest since Jan. 4.
Most Asian currencies were weaker compared with the U.S. dollar.
Indian shares were down 0.6 percent in early trades on Tuesday, with financials leading the decline, as Libya woes hit Asian equities.
Dealers said the rupee could move in the range of 45-45.30 per dollar range intra-day.
Source : economictimes.indiatimes.com
|