Date:07/11/2008 URL: http://www.thehindu.com/2008/11/07/stories/2008110761282100.htm

Business

Rupee ends lower

MUMBAI: The Indian rupee trimmed early losses against the dollar on Thursday, helped by some dollar selling by a large exporter, but heavy losses in the stock market raised worries of further foreign fund outflows and capped its recovery. The rupee ended higher at 47.73 against 47.46 on Wednesday. On October 27, the rupee had fallen to a record low of 50.29.

In active trading at the interbank foreign exchange market, the domestic currency resumed weak at 47.94 a dollar. The rupee moved in a wide range of 47.48 and 47.97.