Date:02/09/2006 URL: http://www.thehindu.com/2006/09/02/stories/2006090213761500.htm

Business

Rupee steady

MUMBAI: The rupee ended marginally higher at 46.5150/5250 a dollar against the U.S. currency on Friday on lack of dollar demand even though world crude prices closed higher on Iran crisis.

Drop in inflation rates, which declined marginally to 4.91 per cent for the week ended August 19 from 4.92 per cent in the previous week, also said to have gave some strength to the rupee, forex dealers said.

In a restricted trading at the interbank foreign exchange market here, the Indian unit opened steady at Rs 46.53/54 a dollar.

Thereafter, it moved in a range of 46.5150 and 46.5400, before ending at 46.5150/5250, marginally higher than the previous close. — PTI