Friday, November 7, 2008

Rupee Opened And Weakened To Dollar Selling - Nov 07, 2008

The rupee trimmed its gains against the dollar in a volatile market on strong dollar demand and as it tracked the equity market. The rupee opened at 47.90 and weakened to a day''s low of 47.95/96. Dollar selling by some big corporates saw the rupee touch the day''s high of 47.49/50. It ended trade at 47.66/69, 0.4% weaker from 47.46/50 at close on Wednesday. In the overseas market the dollar was strong against other currencies.

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