Date:20/06/2007 URL: http://www.thehindu.com/2007/06/20/stories/2007062052001700.htm

Business

Rupee snaps winning streak

MUMBAI: Despite resuming on a strong note on the back of good foreign institutional investment in the public offering of the largest private sector bank ICICI Bank, the rupee declined by four paise to 40.80/81 against the U.S. currency, snapping three-session winning streak.

In a quiet trade at the interbank foreign exchange market, the Indian unit opened strong at 40.70/72 a dollar from Monday’s close of 40.77/78. — PTI