Tuesday, July 14, 2009

Rupee Cataract To Two-Month Near To The Ground - July 14, 2009

The rupee fell to a two-month low on the back of uncertainty about the economic recovery in the global markets. The rupee opened at 49.10/12 and touched a low of 49.44/46, during day trade. It closed at 49.08/10 as against the Friday''s close of 49.02. Along with this, the dollar also gained against other Asian currencies. In the forward premia market, the six-month closed at 2.32 per cent (2.41 per cent) while the one-year at 2.25 per cent (2.26 per cent).

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