Press Esc to close
Friday 26 August 2016
News updated at 2:15 AM IST
Weather
Max: 29.3°C
Min : 20.8°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
Children dressed Radha Krishna on the occasion of Sri Krishna Janmashtami celebrations...

Children dressed Radha Krishna on the occasion of Sri Krishna Janmashtami celebrations...

Renowned artist Partha Das hands over a potrait of Mother Teresa to Sister Lysa...

Renowned artist Partha Das hands over a potrait of Mother Teresa to Sister Lysa...

Sarbananda Sonowal feeding baby elephants rescued during the recent floods at Wildlife...

Sarbananda Sonowal feeding baby elephants rescued during the recent floods at Wildlife...

Members of AISA and JNUSU shout slogans during their protest in connection of JNU rape case...

Members of AISA and JNUSU shout slogans during their protest in connection of JNU rape case...

Devotees form a human pyramid to celebrate the festival of Janmashtami, marking the birth...

Devotees form a human pyramid to celebrate the festival of Janmashtami, marking the birth...

A devotee performs prayers at a Lord Shiva temple submerged in flood water of Ganga River...

A devotee performs prayers at a Lord Shiva temple submerged in flood water of Ganga River...

An aerial view of a flooded area in Allahabad on Thursday...

An aerial view of a flooded area in Allahabad on Thursday...

A view of lighting at Sri Krishna Janamsthan temple during Sri Krishna Janmashtami festiva...

A view of lighting at Sri Krishna Janamsthan temple during Sri Krishna Janmashtami festiva...

Muslim women carrying their children dressed up as Lord Krishna and Radha for a program...

Muslim women carrying their children dressed up as Lord Krishna and Radha for a program...

Bollywood actress Sonakshi Sinha at a press conference to promote her upcoming film in Jaipur...

Bollywood actress Sonakshi Sinha at a press conference to promote her upcoming film in Jaipur...

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