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This is an archive article published on April 7, 1998

Rupee falls to 39.56 against $

MUMBAI, Apr 6: The rupee weakened and touched an over one-month low against the US greenback on renewed corporate dollar demand, particularl...

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MUMBAI, Apr 6: The rupee weakened and touched an over one-month low against the US greenback on renewed corporate dollar demand, particularly from a large state-run bank in moderately active trade at the interbank foreign exchange (forex) market here today.

Opening around Rs 39.5050/5150 per dollar, a shade lower from weekend levels of Rs 39.4900/4950, the rupee later dipped to an intraday low of Rs 39.56/57 on spot-dollar purchases from the State Bank of India and a few corporates and then settled at Rs 39.5550/5650 at the close.

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