Rupee posts biggest 1-day fall since Feb ‘96
Thursday, November 13th, 2008The rupee posted its biggest single-day fall in more than 12 years on Wednesday, hit by rising outflows from the local share market and heavy dollar demand from state-run banks to meet commercial operations.The partially convertible rupee ended at 49.30/32 per dollar, 2.4 percent weaker than Tuesday’s close of 48.1250/1400. On Oct. 27, it fell […]