Friday, August 26, 2011

Forex Trading Tips For Today and Live Forex Market news

The rupee on Thursday clawed back from its deepest low in more than 11 months, buoyed by corporate dollar sales, but was reined in by persistent demand for the U.S. unit from domestic oil firms and gold importers.

Caution before U.S. Federal Reserve chairman Ben Bernanke's speech on Friday also kept pressure on the rupee, traders said.

The partially convertible rupee ended at 46.04/05 to a dollar, only marginally weaker from Wednesday's close of 45.99/46.00 but stronger than the intraday low of 46.215 -- a level not seen since Sept. 16.


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