MUMBAI: Indian state-run banks were seen selling dollars after the rupee fell on Thursday following sharp losses in the local stock market, which tr iggered concerns of more foreign fund outflows.
Three dealers said the state-run banks sold dollars around 48.68 to 48.82 rupees, probably on behalf of the central bank after the rupee fell to 49.05 in early deals. It had hit a record low of 49.30 last week. By 12:27 p.m. (0657 GMT), the partially convertible rupee was at 48.70/72 per dollar, weaker than 48.525/540 at close on Wednesday. N.Sukumar Research Analyst www.kences1.blogspot.com --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
