November 25, 2008
Re rises, closes below 50 to a dollar
Posted by: admin : Category: Current affairs
Rupee erased early gains against the dollar as banks rushed to buy the greenback to meet month-end demand from importers and local shares gave up their intra-day rise, dealers said. The Indian unit ended at Rs 49.95 per $1 compared with Rs 50.12 per $1 Monday. It is probably good news for India but am sure it is not the news that the Americans probably wanted.
