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View Full Version : India's Rupee Heads for Weekly Loss as Importers May Buy Dollar - Bloomberg



NewsWhore
04-24-2009, 02:20 AM
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India&#39;s Rupee Heads for Weekly Loss as Importers May Buy Dollar (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601091%26sid%3DaSJ4xQfO_uiM%26refer%3Dindia&cid=1340140709&ei=9FvxSfOhIcigmAfDgo3YAQ&usg=AFQjCNFH59euNeNx12RV9qbA4m5e6B-nzw)
Bloomberg
The rupee fell as demand for the dollar probably increased after the local currency rebounded more than 4 percent from a record low touched on March 3. A stronger rupee reduces import costs. Offshore forward contracts showed investors increased bets ...


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