Thursday, July 31, 2008

Rupee Appreciates Against Dollar - July 31 , 2008

The rupee appreciated against the dollar on July 30 tracking the upswing in the domestic stock market and the ease in oil prices. The rupee opened at 42.52/53 and touched an intra-day low of 42.58/59. It then gained to finally end at 42.36/37, against the previous close at 42.64/65. The rupee opened stronger with the overnight easing of global crude to $121 per barrel, against Tuesday''s $123 per barrel.

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