Rupee opens 8 month low at 41.05/06 per USD

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Forex
Mumbai, May 7: Rupee today resumed eight months low at 41.05/06 against per USD with a small loss of ten paise from its last close of 40.95 on sustained heavy Dollar purchased by oils importers and few foreign banks. Dealers said, ''Rupee weakened past 41 per Dollar for the first time since August as record oil prices pumped up Dollar demand from refiners and heightened concerns about a widening trade deficit and rising inflation.

Later, Rupee fluctauted in a wide range between 41.04 and 41.19 per Dollar, the lowest since August 30, dealers said.

UNI

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