Rupee falls to 50.02 against dollar

April 9th, 2009 - 10:31 pm ICT by ANI  

Mumbai, Apr 9 (ANI): The Indian Rupee on Thursday depreciated to an all time low of 50.02 against the US currency.

It had ended at 50.20 on Wednesday.

Indian shares rose 0.6 percent on Thursday to a six-month closing high.

The benchmark 30-share BSE index has risen 12.9 percent in six sessions, and is up over 34 percent from its 2009 low hit on March 6.

Foreign fund flows have been a key factor for the rupee’s fortunes. Last year foreigners were net sellers of more than 13 billion dollars of stocks, and the rupee fell 19 percent.

Offshore one-month rates were quoting at 50.14/50.24 per dollar, slightly weaker than the onshore spot rate. (ANI)

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