Search Now

Recommendations

Friday, January 22, 2010

Rupee declines again


Ends at 46.15/16 per dollar

Rupee fell for a fourth day on Friday (22 January 2010), but pulled back from a two-week low struck early as exporters cashed in their dollars in the belief the drop was overdone.

Rupee ended 0.2% weaker at 46.15/16 per dollar from previous day's 46.04/05. The unit fell as low as 46.2750 in early deals, its lowest since 5 January 2010.