Rupee falls on dollar demand from oil importers
Posted: Tue Aug 14, 2012 3:00 am
Rupee falls on dollar demand from oil importers; caution ahead of WPI:
The rupee fell on Monday on the back of sustained dollar demand from oil importers, with traders also cautious a day before inflation data amid worries the economy could face a period of slowing growth but higher inflationary pressures. The partially convertible rupee closed at 55.34/35 per dollar as per the SBI closing rate versus its previous close of 55.28/29.
The rupee fell on Monday on the back of sustained dollar demand from oil importers, with traders also cautious a day before inflation data amid worries the economy could face a period of slowing growth but higher inflationary pressures. The partially convertible rupee closed at 55.34/35 per dollar as per the SBI closing rate versus its previous close of 55.28/29.