| Date: |
31-03-2010 |
| Subject: |
Rupee drops 14 paise |
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MUMBAI: Moving in tune with stock markets, the rupee on Tuesday lost 14 paise against the US dollar to snap the three-day winning steak.
Dealers in foreign exchange said the domestic currency weakened as there was month-end demand for the dollar from oil refiners.
At the Forex market, the domestic unit opened slightly higher at 44.91/92 per dollar as against the yesterday’s closing level of 44.95/96 per dollar.
Source : Business Line
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