Date:16/06/2007 URL: http://www.thehindu.com/2007/06/16/stories/2007061603841500.htm

Business

Rupee improves to 40.86

MUMBAI: The rupee improved further on Friday to close at 40.85/86 against the U.S. currency on late dollar selling amid sustained capital outflows.

In volatile trade at the interbank foreign exchange market, the Indian unit opened steady at 40.90/92 from Thursday's close of 40.92/93.

It touched the 41-level to a quote at low of 41.02 on the back of fairly good import coverings and long dollar positions in forward market.

— PTI