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Rupee ends at 32-month low of 51.34/35

The domestic currency moved in a range between 51.00 per dollar and Rs 51.41 per dollar during the day.

twitter-logoPTI | November 18, 2011 | Updated 18:37 IST

The Indian rupee ended at 32-month closing low at 51.34/35 against the American currency due to persisting demand for the American currency from banks and importers.

The rupee resumed lower at Rs 51.05/06 per dollar on the Interbank Foreign Exchange, as against its previous close of Rs 50.90/91 per dollar, and dropped further to Rs 51.41 per dollar before ending at 51.34/35 per dollar. Previously, it had ended at 51.49/51 per dollar on March 17, 2009.

The domestic currency moved in a range between 51.00 per dollar and Rs 51.41 per dollar during the day.

Sustained dollar demand from banks and importers in view of dollar firmness in overseas markets amid weak domestic equity markets mainly affected the rupee value against the dollar, a forex dealer said.

 

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