Forex

Rupee at 11-month low against dollar

PTI | Updated on November 12, 2017 Published on August 24, 2011

The rupee on Wednesday lost 36 paise to close at an 11-month low of 45.99 against the dollar as importers, mainly oil refiners, rushed to buy the US currency amid continuing weak signs of fund outflows.

Dealers said heavy month-end dollar demand from importers to meet their monthly requirements put pressure on the rupee. The dollar was so strong that even its weakness in the overseas market did not help rupee to gain strength

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Published on August 24, 2011
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