Rupee strengthens past 50/dollar

Reuters
Posted: 2008-12-03 09:20:52+05:30 IST
Updated: Dec 03, 2008 at 0920 hrs IST

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Rupee slips to 49/dollar, at 7-week low Rupee depreciates to 48.78 against dollar Rupee rises to 48.39 against dollar Rupee slips to 48.12 against dollar

Mumbai: The Indian rupee firmed on Wednesday on expectations of capital inflows in the wake of gains in Asian stock markets and bond yields fell to fresh 3-½ year lows on mounting expectations of a rate cut. At 9:05 a.m., the partially convertible rupee was at 49.82/83, compared with Tuesday's close of 50.15/16 per dollar on Tuesday.

The 10-year bond yield was at 6.90 per cent, its lowest since June 2005, compared with Tuesday's close of 7 per cent.

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