Tuesday, January 13, 2009

Fall In Indian Rupee - Jan 13, 2009

The Indian rupee on Monday weakened backed by the demand for dollars from some corporates and banks looking at arbitrage in the offshore markets weighed, with a fall in the local share market adding to the pressure.

The partially convertible rupee closed at 48.84/85 per dollar, 1.2 percent weaker than its previous close of 48.27/29.

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