Rupee ends below 49-mark

February 24, 2012 10:26 pm | Updated 10:26 pm IST - MUMBAI:

The rupee ended below 49-mark at 48.93/94 against the dollar on Friday against 49.20 on Thursday, its three-week high level on sustained dollar selling by exporters and some banks.

At the inter-bank foreign exchange market, the rupee opened strong at 49.04/05 on early rise in domestic stock market but later fell to a low of 49.16 on reversal of trend in equities which showed weakness. The rupee later bounced back to settle at 48.93/94, a gain of 26 paise or 0.53 per cent. The RBI has fixed the reference rate for the dollar at 49.0650 and for Euro at 65.5701.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.