Indian rupee ends steady

15 Sep, 2005

The rupee ended steady at the previous session's near-two-week low on Wednesday as the dollar fell overseas ahead of a slew of economic data that could give clues on the US interest rate outlook.
The partially convertible rupee ended at 43.90/91 per dollar, unchanged from Tuesday. Dealers said demand for dollars in earlier trade pushed down the rupee to 43.95 per dollar, but capital inflows into India's stock market helped the local unit recover near the end of trade.
"There was corporate and oil-related dollar buying. But there were some good inflows in the afternoon trade and that gave comfort to the rupee," said a dealer at a private bank.

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