Tuesday, November 25, 2008

Rupee Opened At 50.03 And Touch An Depreciates - Nov 25, 2008

The rupee fell a tad against the dollar on Nov 24, losing 6 paise against the greenback. It moved in the narrow range of 25 paise. The rupee opened at 50.03 and weakened to touch an intra-day low of 50.22. It then recovered to fall below 50 at 49.97 before closing at 50.09/10, as against the previous close of 50.04/05. In the global markets, the dollar weakened against the euro and the pound. In the forward market, the 6-month premium closed slightly higher at 2.82 per cent (2.61) and the 12-month ended at 1.96 per cent (1.79).

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