Indian rupee at 1-mth low on dlr rise, share losses | business | Hindustan Times
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Indian rupee at 1-mth low on dlr rise, share losses

The Indian rupee extended its fall to a one-month low on Friday as broad gains in the US unit versus majors and bunched up demand for dollars a day after the Veteran's Day holiday in the US weighed.

business Updated: Nov 12, 2010 12:30 IST

The Indian rupee extended its fall to a one-month low on Friday as broad gains in the US unit versus majors and bunched up demand for dollars a day after the Veteran's Day holiday in the US weighed.

At 12:04 p.m. (0634 GMT), the partially convertible rupee was at 44.64/65 per dollar, after hitting 44.65, its weakest since Oct. 12, and below its previous close of 44.31/32 on Thursday.

Traders said weak local shares also added to the downward pressure on the rupee. Shares were trading down nearly 1 percent while the dollar's index against six majors was up 0.3 per cent.