Rupee gains against Pound, loses to US Dollar
The Rupee lost mainly due to a slowdown in FII inflows and flaring global crude oil prices.india Updated: Jan 17, 2006 21:16 IST
The Rupee lost about 14 paisa against the US Dollar on Tuesday and ended at Rs 44.35/36 per dollar.
However, it gained against the Pound and ended at Rs 78.16/18 per pound.
The Rupee lost heavy ground due to a slowdown in FII inflows and flaring global crude oil prices at $65.40 per barrel.
The Dollar gained owing to heavy overseas demand from corporates and importers throughout the day.
Foreign Institutional Investors, who put in $7.1 million,were the main sellers in the equity markets.