Wednesday, November 12, 2008

Concerns Drops By 1.6 Per Cent To Close At 48.1250 - Nov 12, 2008

Rupee closed at 48.1250 its lowest in a week on Nov 11, as steep drop in shares fuels concerns of more outflows, pressuring the currency lower. Rupee snapped it six day gain and closed at 48.1250/1400 per dollar, its weakest since November 4, and 1.6 per cent below 47.35/37 at close on Monday. On October 27, the rupee had fallen to a record low 50.29.

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