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Online edition of India's National Newspaper Wednesday, November 21, 2001 |
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Rupee turns weak against dollar
MUMBAI, NOV. 20. The rupee turned weak and almost lost overnight
gains against the dollar in featureless trade on the interbank
foreign exchange market today on light dollar demand from state-
owned banks.
Opening marginally down at Rs.47.95/96 a dollar, the Indian unit
gradually moved downwards in the wake of dollar sales by
exporters which was absorbed by public sector banks, and closed
lower by about 2.50 paise at Rs. 47.9650/9750 a dollar as against
yesterday's finish of Rs. 47.9425/9475.
- PTI
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