The rupee dropped to its lowest level in more than a week on Monday as losses in local shares and the dollar's gains against major units weighed on sentiment, but offshore arbitrage helped limit rupee losses.
On Friday, the dollar surged to its highest in nearly a year against a basket of currencies after the United States lost far fewer jobs than expected last month. On Monday, the dollar index against six majors was up 0.1 percent
Monday, December 7, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment