The Indian rupee fell on Friday as corporates bought dollars and most Asian currencies, including the yen, dropped against the US currency. The yen fell on news that Japan's economy grew at a slower-than-expected 0.2 percent in the second quarter of 2006.
The Bank of Japan on Friday left interest rates unchanged at 0.25 percent, as widely expected, a month after it raised rates for the first time in six years.
The partially convertible rupee ended at 46.52/53 per dollar, lower than Thursday's close of 46.42/43. "There was some good dollar buying by corporates, including oil companies," a dealer with a state-run bank said.
Comments
Comments are closed.