Date:23/05/2008 URL: http://www.thehindu.com/2008/05/23/stories/2008052360372000.htm

Business

Rupee breaches 43-mark

MUMBAI: The rupee on Thursday fell by 12 paise to 42.95/96 a dollar on Thursday, recovering somewhat from the 43-level it reached during the day, on fears that erupted after crude oil rose to a record high of above $ 135 a barrel, raising worries of further upward pressure on inflation.

In two-way trading at the interbank foreign exchange market, the rupee resumed sharply lower at 43.06/07 and dipped further to a low of 43.20, the level not seen since the first week of April 2007. — PTI