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Indian Rupee falls from its high
Friday, October 12, 2007 in.reuters.com
(
Finance
)
The Indian Rupee fell from it's 9-1/2 year peaks on account of a weak Asian market and dollar buying by state-run banks. The Indian Rupee gained about 3 percent since a U.S. rate cut last month which sparked off a strong rally in the Indian stock market. At 9:51 a.m., the partially convertible rupee was at 39.35/36 per dollar as compared to Thursday's close of 39.30/3050 per dollar.
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