The rupee opened weaker on Thursday and fell to a new record low
almost immediately on global risk aversion, with traders waiting for the
impact of India's petrol price hike on domestic equities for further
direction.
At 9:05 a.m., the partially convertible rupee was at 56.12/13 per
dollar, after hitting a record low of 56.24 in initial trade. It had
closed Wednesday at 55.9950/56.0050.
Thursday, May 24, 2012
Rupee drops to new low of 56.12/dollar
Posted by Admin at 9:56 AM
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