Wednesday, May 23, 2012

Rupee sinks to 56.18 against dollar | ummid.com

Rupee sinks to 56.18 against dollar | ummid.com
The partially convertible rupee hit a low of 56.18 in the intra-day before closing at 56 against a dollar, due to persistent demand for the American currency from importers and banks amid rising risk aversion in the global markets.