MUMBAI, JUNE 8:
The rupee ruled steady at Rs 44.67/68 per US dollar in the morning trade at the Interbank Foreign Exchange here today after recouping initial losses.
The rupee resumed lower at Rs 44.72/73 per dollar against the overnight closing level of Rs 44.67/68 per dollar on good demand for dollar from banks and corporates on the back of dollar’s firmness in the overseas market.
However, it recovered afterwards on mild selling of dollar by banks and exporters.
The domestic unit moved in a range between Rs 44.65 and Rs 44.75 per dollar before quoting at Rs 44.67/68 at 10.30 a.m.
In the Tokyo market, the dollar index recouped some ground against the euro and the British pound in the early trade, but the greenback weakened against the Japanese yen.
Meanwhile, Asian stocks resumed lower after the Federal Reserve Chairman, Mr Ben Bernanke, said the US economic recovery was proving to be “uneven” and “frustratingly slow”
