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Rupee opens five years low at 47.13/15 per USD
Mumbai, Oct 1 (UNI) The rupee today opened weaker to five years low at 47.13 against US dollar, with a big loss of 18 paise, from its previous finish of 46.95 on sustained selling pressure from local operators.
Later, it fluctuated in a wide range between 46.92 and 47.23 in mid-morning session.
Dealers
said
''This
was
a
major
weakness
since
June
two,
2003,
when
the
rupee
had
weakened
to
47.12
per
US
dollar.
It
is
likely
that
the
downward
trend
may
continue
further
during
the
session
in
view
of
the
present
global
financial
crisis.'' UNI
NV-AR
SSS
NP1235
Comments
Story first published: Wednesday, October 1, 2008, 18:05 [IST]