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Rupee slips on dollar short-covering

Mumbai : India | 3 months ago  
Views: 11
The Indian rupee slipped from two-week highs on Wednesday as lower Asian stocks prompted investors to cover their short dollar positions, while likely demand from importers also weighed. At 9:20 a.m. the partially convertible rupee was at 48.54/55 per dollar, weaker than its Tuesday's close of 48.47/48,...
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  • News Source: The Economic Times | 3 months ago
    The Indian rupee slipped from two-week highs on Wednesday as lower Asian stocks prompted investors to cover their short dollar positions, while likely demand from importers also weighed. At 9:20 a.m. the partially convertible rupee was at 48.54/55...
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