10-09-2006, 03:08 PM
<!--emo&
--><img src='style_emoticons/<#EMO_DIR#>/sad.gif' border='0' style='vertical-align:middle' alt='sad.gif' /><!--endemo--> and c how it has started pinching India's pocket:
Rupee weakens after N Korea's nuke test
[ 9 Oct, 2006 1214hrs ISTPTI ]
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MUMBAI: After last weekend's smart rally, the rupee on Monday resumed weak against US dollar following the news of North Korea's nuclear test as well as stronger dollar overseas.
In lacklustre trade at the interbank foreign exchange (forex) market, the Indian unit resumed lower at Rs 45.67/68 per dollar from Friday's close of Rs 45.58/59 per dollar and later ruled steady at the opening levels.
The rupee began weak as news of North Korea's nuclear test had a negative impact on Asian markets, a forex dealer said adding that "activity was very low during early trade".
In overseas market, the dollar shot to multi-month peaks against major rivals on Friday, on the back of employment data that some analysts opined might help dissuade the Federal Reserve from cutting interest rates, a move that generally weakens the greenback.
--><img src='style_emoticons/<#EMO_DIR#>/sad.gif' border='0' style='vertical-align:middle' alt='sad.gif' /><!--endemo--> and c how it has started pinching India's pocket:Rupee weakens after N Korea's nuke test
[ 9 Oct, 2006 1214hrs ISTPTI ]
RSS Feeds| SMS NEWS to 8888 for latest updates
MUMBAI: After last weekend's smart rally, the rupee on Monday resumed weak against US dollar following the news of North Korea's nuclear test as well as stronger dollar overseas.
In lacklustre trade at the interbank foreign exchange (forex) market, the Indian unit resumed lower at Rs 45.67/68 per dollar from Friday's close of Rs 45.58/59 per dollar and later ruled steady at the opening levels.
The rupee began weak as news of North Korea's nuclear test had a negative impact on Asian markets, a forex dealer said adding that "activity was very low during early trade".
In overseas market, the dollar shot to multi-month peaks against major rivals on Friday, on the back of employment data that some analysts opined might help dissuade the Federal Reserve from cutting interest rates, a move that generally weakens the greenback.
