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Friday, August 31, 2001

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Rupee ends lower in moderate deals

MUMBAI, AUG. 30. Customary month-end pressures weakened the rupee today, but it ended off intraday lows, supported by adequate dollar supplies from exporters and foreign funds.

In moderately active two-way trade at the interbank foreign exchange market, the rupee closed at Rs. 47.1350/1400 a dollar, a two paise decline from Wednesday's finish of 47.1150/1200 after testing intraday lows of 47.1400/1500. It opened at 47.12/13.

The rupee had appreciated by nearly three paise in the last three sessions, backed by healthy dollar supplies.

- PTI

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