Press Esc to close
Tuesday 21 October 2014
News updated at 8:14 PM IST
Weather
Max: 25.4°C
Min : 20.2°C
In Bangalore
Sunny day

Re plummets 57 paise, biggest drop in two months

Mumbai, Jan 4, 2012, PTI:

The rupee on Friday recorded its biggest slump in two months by plunging 57 paise to end at 55.07 on massive demand of the US currency from oil firms, amid dollar gaining strength on speculation that some US Fed officials are not in favour of continuing the bond-buying plan.

At the Interbank Foreign Exchange (Forex) market, the local currency commenced lower at 54.82 a dollar from previous close of 54.50 and immediately touched a high of 54.76.

However, it started falling soon and logged an intra-day low of 55.17 before closing slightly better at one-month closing low of 55.07 — a fall of 0.57 paise or 1.05 per cent.


Friday’s fall was the biggest in last two months after it had plunged by 80 paise or 1.49 per cent on November 5, 2012.

Go to Top

Photo Gallery
A major fire that broke out in the crackers market in Faridabad...

A major fire that broke out in the crackers market in Faridabad...

On the eve of Diwali Renowned sand artist Sudarsan Pattnaik created a sand sculpture of Kali...

On the eve of Diwali Renowned sand artist Sudarsan Pattnaik created a sand sculpture of Kali...

Indian passengers rest on a crowded platform ahead of Diwali, the Hindu festival of lights...

Indian passengers rest on a crowded platform ahead of Diwali, the Hindu festival of lights...

Indian soccer player Peter Biaksangzuala, center, performs flips as he celebrates a goal...

Indian soccer player Peter Biaksangzuala, center, performs flips as he celebrates a goal...

Woman buying earthen lamps at a market ahead of the Diwali festival...

Woman buying earthen lamps at a market ahead of the Diwali festival...

School children paint their faces during Diwali celebrations...

School children paint their faces during Diwali celebrations...

A huge rangoli in front of Swaminarayan Temple...

A huge rangoli in front of Swaminarayan Temple...

Volunteers of Azad Hind taking out a procession to mark the Azad Hind Foundation Day...

Volunteers of Azad Hind taking out a procession to mark the Azad Hind Foundation Day...

Family members paying tribute to police martyrs during Police Commemoration Day...

Family members paying tribute to police martyrs during Police Commemoration Day...

TRS activists set affire chairs at the TDP office in Nalgonda...

TRS activists set affire chairs at the TDP office in Nalgonda...

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