Monday, October 17, 2011

FOREX Trading Strategy and Tisp | Rupee ends off 3-week high

The rupee ended off its near three-week high on Monday after a rally in the euro lost steam, and as dollar demand from domestic oil refiners and weak equities weighed.
However, dollar sales by domestic corporate firms cushioned the local unit from a sharp slide, traders said.
The partially convertible rupee ended at 48.945/955 per dollar, 0.1 percent stronger than Friday's 49.0175/0275 close. Intraday, it touched 48.6850 -- a level not seen since Sept. 28.


Post a Comment

Financial Crisis 2009 Financial information portal Web Directories web link directory