Rupee falls to record low of 50.15/dlr..................
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Chief_Adviser
Number of posts : 615 Age : 41 City/Town : in ur heart . Registration date : 2008-06-10
Subject: Rupee falls to record low of 50.15/dlr.................. Fri Oct 24, 2008 10:35 am
The rupee opened trade on Friday at a record low of 50.15 per dollar, weighed down by heavy losses in Asian stocks which raised worries of more outflows from the local share market.
At 9 a.m., the partially convertible rupee was at 50.00/15 per dollar, compared with 49.81/82 at close on Thursday.
Asian stocks fell on Friday, led by a 4 percent drop in Japan's Nikkei, as the global economic slowdown slashed earnings prospects for an array of companies .
Rupee falls to record low of 50.15/dlr..................