Date:27/09/2006 URL: http://www.thehindu.com/2006/09/27/stories/2006092708401700.htm

Business

Rupee recovers against dollar

MUMBAI: The rupee on Tuesday not only recovered early losses but even closed higher against the U.S. currency at 45.92/93 a dollar due to good inflows of funds into the stock market coupled with weak crude oil prices.

In active trading on the interbank foreign exchange market, the Indian currency opened weak at 45.97/99 due to the customary month-end dollar demand and fell further to a low of 46.01.

Later, it made a smart recovery and after hitting a high of 45.90, closed at 45.92/93 against 45.9450/9550. — PTI