Rupee hits record low of 49.30 per dollar

Reuters
Posted: Friday, Oct 10, 2008 at 1236 hrs IST
Updated: Friday, Oct 10, 2008 at 1236 hrs IST

Font Size

Feedback

Discuss

Rupee trims fall as shares recover briefly Rupee appreciates to 46.46 a dollar Rupee slips to 46.63 against dollar Rupee weakens to 46.44 against dollar

Mumbai, October 10:: highest in more than 19 months, before easing to around 20 per cent, well above the central bank's main lending rate of 9 per cent.

Dealers said banks were not willing to lend as many had not met their reserve requirements for the fortnightly reporting of their cash balances to the central bank and those banks with surplus funds were unwilling to lend. ...

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.