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Friday, January 05, 2001

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Rupee dips further against $

MUMBAI, JAN. 4. The rupee continued to decline against the U.S. currency on steady dollar demand from corporates and importers, but ended off intra-day lows in fairly active trade at the interbank foreign exchange market here today.

Opening around Rs.46.70/72 a dollar, the rupee dipped to intraday lows of 46.74/75, before settling at the close at 46.7225/7275, a 1-3/4 paise fall from overnight closing levels of 46.7050/7100.

It had depreciated by around 4-1/2 paise in the earlier two consecutive sessions.

- PTI

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