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This is an archive article published on May 26, 1998

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Rupee hits all-time lowMUMBAI: The rupee went into a tail-spin on Monday against the US dollar to all-time low of Rs 41.18/20 in intra-day t...

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Rupee hits all-time low

MUMBAI: The rupee went into a tail-spin on Monday against the US dollar to all-time low of Rs 41.18/20 in intra-day trade at the interbank foreign exchange forex market. Standard amp; Poor8217;s decision to revise the outlook of India8217;s rating sent corporates and banks rushing to cover their dollar positions.

Monsoon on time

NEW DELHI: Southwest monsoon will reach Kerala around June 1 as per indications and the rainfall is likely to be normal all over the country for the 11th successive year, IMD chief R R Kelkar said here on Monday.

Pepsi truck burnt

AHMEDABAD: A TRUCK belonging to American multinational Pepsi was looted and burnt by an unruly mob in Kalupur area of Ahmedabad on Monday.

 

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