Rupee continues to fallJuly 30, 2012, 8:08 pm
The rupee continued to fall against the dollar, despite hopes that the currency would strengthen after the successful US$ 1 billion sovereign bond issue and the final IMF tranche amounting to US$ 415 million came through.
Currency dealers said the rupee, which opened at Rs. 131.40/70 against the greenback, slipped on importer demand before state names sold dollars preventing the rupee from falling further. The rupee closed at Rs. 131.70/132.10 against the dollar yesterday (30).
Dealers said volumes were thin.
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Last Updated May 25 2013 | 03:45 pm