| Date: |
28-09-2011 |
| Subject: |
Rupee Down On Choppy Shares, Oil Demand |
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MUMBAI: Rupee was weaker in early morning trade on Wednesday, weighed by choppy local shares and dollar demand form oil importers. * At 9:35 a.m., the partially convertible rupee was at 49.1550/1650 per dollar, weaker than Tuesday's close of 49.065/075.
* Traders expect the rupee to move in a 49.05-49.35 range intraday.
* Indian shares fell early on Wednesday after they faced resistance following a firmer start, with investors cautious on European policmakers' ability to quickly resolve the euro zone debt crisis.
* The euro was at $1.3555, compared with $1.3547 when the rupee closed on Tuesday, while the index of the dollar
against six major currencies was at 77.900 points against 77.911.
Source : economictimes.indiatimes.com
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