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Thursday, July 26, 2001
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Rupee loses ground

MUMBAI, JULY 25. The rupee lost moderate ground against the U.S. currency today on late dollar demand from banks in fairly active trading at the inter-bank foreign exchange market.

Posting a closing quote of 47.14/15 a dollar, the rupee declined by around 2-1/2 paise from the overnight level of 47.1200/1250, pulled down by fresh dollar demand from corporates and importers, dealers said.The Indian unit opened at 47.12/13 and moved in a range of 47.1250 and 47.1500.

- PTI

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