Wednesday, August 26, 2009

At the demand end of mth dollar Indian rupee dips; Stock Key

The Indian rupee on Wednesday as refiners and importers to reduce dollar inched meet month-end import commitments to buy the pumps, but local stocks prevented further decline started a company. 11:05 pm (GMT 0,535) = partially convertible rupee was at INR 48l78/79 per dollar, off a low of 48.88 but still a bit weak 48l75/76 its previous close. Asian stock returns on the back of that money should have opened higher, but in the end demand for dollars and a few months back regarding the possibility of buying dollars on NHPC IPO pushed it a little less, "one senior with a private bank businessman. "Today should trade in a band 48.70-48.90," he said. State's utility NHPC (NHPC.BO: Quote, Profile, Research is $ 1.25 billion, of which closed earlier this month) initial public offering was subscribed over 23 times. Dealers said that those shares were not allotted dollar demand was pushed back.

For Further Details Visit at:in.reuters.com/article/domesticNews/idINBOM10218720090826

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