TNS:Rupee Off 2-month Low Against US Dollar(RTTNews) - The Indian rupee that reached a 2-month low of 45.1550 against the US dollar in early Tuesday Asian deals reversed direction shortly. The rupee thus gained almost 30 paise against the dollar to reach a high of 44.8650. The dollar-rupee pair settled Monday's deals at 44.8650.
(RTTNews) - The Indian rupee that reached a 2-month low of 45.1550 against the US dollar in early Tuesday Asian deals reversed direction shortly. The rupee thus gained almost 30 paise against the dollar to reach a high of 44.8650. The dollar-rupee pair settled Monday's deals at 44.8650.
The Indian market fell sharply on Tuesday, extending yesterday's losses, after the country's top lender, State Bank of India, posted an unexpected sharp plunge in quarterly net profit, lagging estimates because of higher provision expenses.
The benchmark 30-share BSE Sensex ended down 208 points or 1.13 percent at 18,137 while the broader 50-share Nifty index fell by 60 points or 1.09 percent to 5,439.
