Tuesday, April 29, 2008

Indian Rupee At 40.16/17 Per Dollar

The Indian rupee on April 28 weakened by four paise to end at 40.16/17 per dollar on sustained demand for the greenback by oil refiners amid a fresh surge in global crude oil prices. Dealers said the market was cautious ahead of April 29''s announcement of annual credit policy by the Reserve Bank and the meeting of the US Federal Reserve on April 29-30. The domestic unit moved in a wide range of 40.1 and 40.2150 during the day after resuming on a promising note at 40.10/12 a dollar from its last close of 40.12/13.

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