THE RUPEE: falling trend

11 Nov, 2012

Easier trend was seen on the open market on Saturday as the rupee drifted lower marginally in terms of the greenback in process of trading, experts said. The rupee fell against the dollar, shedding 10 paisa for buying and selling at 96.30 and 96.50, they said.


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Open Buying Rs 96.30
Open Selling Rs 96.50
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According to the moneychangers, the dollar improved its worth following fresh buying activity. Because of buying support, the dollar was traded at Rs 96.35 and Rs 96.60 on buying and selling counters against previous closing rate of Rs 96.15 and Rs 96.50 on buying and selling sides, respectively.
On the other hand, the local currency recovered its earlier by improving its worth against the British pound. The pound's buying and selling rates were slide down from the day earlier closing of Rs 152.50 and Rs 153.50 to Rs 151.90 and Rs 152.50, respectively, the dealers added.
The dollar opened at Rs 95 (buying) and Rs 95.60 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 95 (buying) and Rs 95.60 (selling).
Pound Sterling opened at Rs 151.90 (buying) and Rs 153 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 151.90 (buying) and Rs 153 (selling).

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