Press Esc to close
Saturday 25 April 2015
News updated at 3:40 AM IST
Weather
Max: 33.4°C
Min : 21.6°C
In Bengaluru
Sunny day

Re resumes slide as oil demand still hurts

Mumbai, Dec 20, 2012, Reuters:

The rupee fell for a sixth session in seven on Thursday as heavy dollar buying by oil refiners and gold importers continued to hurt the local unit amid another bout of risk aversion globally.

Traders said oil firms, the largest buyers of dollars in the domestic currency market, continued to buy the greenback to meet month-end and year-end demand, especially amid slightly lower global crude prices.

The partially convertible rupee closed at 54.8450/8550 per dollar compared with its close of 54.55/56 on Wednesday. The pair moved in a range of 54.6450 to 54.91 during the session. In the offshore non-deliverable forward market, the one-month contract was at 55.16 while the three-month was at 55.69.


Go to Top

Photo Gallery
Uttarakhand Chief Minister Harish Rawat performing rituals at Kedarnath temple...

Uttarakhand Chief Minister Harish Rawat performing rituals at Kedarnath temple...

Long queue of devotees outside Kedarnath temple on the day temple doors were opened...

Long queue of devotees outside Kedarnath temple on the day temple doors were opened...

Large number of devotees throng Lord Shiva (Bharathwaj Eswarar-Swarnambigai) temple during...

Large number of devotees throng Lord Shiva (Bharathwaj Eswarar-Swarnambigai) temple during...

Pilgrims special prayers during 'Jumme ki namaz' at Dargah Khwaja Gharib nawaz in Ajmer...

Pilgrims special prayers during 'Jumme ki namaz' at Dargah Khwaja Gharib nawaz in Ajmer...

A supporter of Muslim League Jammu Kashmir (MLJK) shout slogans during a protest in Srinagar...

A supporter of Muslim League Jammu Kashmir (MLJK) shout slogans during a protest in Srinagar...

School students talking among themselves after their visit at Parliament in New Delhi...

School students talking among themselves after their visit at Parliament in New Delhi...

Workers spread red chilli to dry at the wholesale market in Nagpur, Maharashtra...

Workers spread red chilli to dry at the wholesale market in Nagpur, Maharashtra...

Police personnel showing skills during passing out parade in Rajasthan Police Training...

Police personnel showing skills during passing out parade in Rajasthan Police Training...

A giant whale found washed ashorein the south sea of Gulf of Mannar, in Mandapam...

A giant whale found washed ashorein the south sea of Gulf of Mannar, in Mandapam...

Forest officers trying to rescue a baby elephant with her mother from a waterbody...

Forest officers trying to rescue a baby elephant with her mother from a waterbody...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523