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Rupee At One-week Low Vs. US Dollar

Tulsi Deshmukh 26 June 2007

On the back of continued buying by importers and surmised intervention by the Central Bank, the rupee ended further down at more than one-week low of 40.87/88 versus the U.S. currency on Monday.
At the Interbank Foreign Exchange (Forex) market, the local unit opened up faintly inferior at 40.76/78 per dollar as compared to its Friday’s close of 40.75/76 a dollar.
It diluted more to close at 40.87/88, a sharp drop of 12 paise over its last end. It moved in a range of 40.76 and 40.8950 a dollar.