Published On:Tuesday, February 26, 2013
Posted by shikhar
Rupee against Dollar: Rupee Continues to decline
Mumbai: Rupee is continuously decline against Dollar on
Tuesday Rupee slipped by 16 paise to Rs. 54.02 a dollar on month-end dollar demand
from importers amid firm dollar overseas.
But if we look at the last closing level Rupee is still
lower at 53.03 per dollar as compared to 53.86 per dollar at Forex (Interbank
foreign exchange market) and moved in Rs. 54 to Rs. 54.09 a dollar range before
financial estimating at Rs. 54.02 a dollar at 10.40 a.m..
Dollar demand from importers firmly affected by the
transport of oil refineries for rupee value against the dollar, said by FOREX
dealer
With Rupee the fall is also seen in euro, in New York, the
euro continued to suffer, with a selloff in the currency triggered after doubt
about Italy's austerity reforms which urged to emerge in the wake of the
country's general election.
In asia oil prices were down after the unresolved or un
concluded Italian national elections threatened instability in the country and
disrupt the euro zone's recovery, as per the description of analysts.
Light sweet crude for delivery, New York's main contract in
April dropped 63 cents to $92.48 a barrel.
POST COMMENT