| Date: |
12-03-2012 |
| Subject: |
Indian rupee down on importer dlr needs; shares eyed |
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The Indian rupee fell on Monday as local oil importers stepped up dollar purchases for making payments, while traders await movement in domestic equities for further clues after the central bank's surprise cut in cash reserve ratio on Friday.
At 9:01 a.m. (0331 GMT), the rupee was at 49.88/89 to the dollar, down from Friday's close of 49.84/85. (Reporting by Aditya Phatak; Editing by Rajesh Pandathil)
Source : in.reuters.com
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