Date:03/07/2008 URL: http://www.thehindu.com/2008/07/03/stories/2008070351501800.htm

Business

Rupee recovers

MUMBAI: The rupee staged a smart recovery against the dollar and ended at 43.17 on Wednesday against its previous close of 43.34.

At the interbank foreign exchange market, the rupee resumed weak at 43.37.38 a dollar but later improved marginally to 43.31/32 in early trade amid continued capital outflows and high crude oil prices.

It staged a smart recovery and closed the day at 43.17, a gain of 17 paise.

Global oil prices, however, traded near record high levels around $142 in Asian trade. — PTI