Date:28/10/2006 URL: http://www.thehindu.com/2006/10/28/stories/2006102803771500.htm

Business

Rupee moves up further

MUMBAI: The rupee rose further smartly against the U.S. currency on Friday due to dollar sales after a fall in crude oil prices. Weak dollar also boosted rupee sentiment. Activity remained restricted as PSU banks remained closed as they observed a nation-wide strike in protest against outsourcing of banking services and also privatisation, dealers said.

In thin trading at the interbank foreign exchange market, the rupee resumed firm at 45.19/20 a dollar against the overnight close of 45.2550/2650 a dollar. — PTI