The Rupee fell for the lowest in this week on 25th-Mar-09 Wednesday it’s the latest news update. The fall has been noticed by gains in the dollar against the Euro and Asian units and demands from the oil refiners and importers. The fall has been huge for most of the Asian currencies. A rise in local share market could support the rupee later quoted by the dealers.
According to an Indian News Paper Rupee rise 1.7 percent last week it was the biggest weekly rise since the week to Mid of December and has gained 2.9 percent from the record low of 52.20 hit in March starting.The Chinese currency inched up against the euro and the Australian dollar on Wednesday, leaving behind Euro this week after five months low versus the euro, as falls in Tokyo shares tempered buying of higher-yielding currencies.
News Source Url : http://in.reuters.com/article/businessNews/idINIndia-38688720090325