Rupee touches new low

February 27th, 2009 - 3:54 pm ICT by IANS  

Mumbai, Feb 27 (IANS) The Indian rupee touched a new low Friday when it slipped in afternoon trading to Rs.51 against a dollar on heavy demand for the US currency.
Around 1:45 p.m., the rupee recovered marginally to 50.73 as state-run banks intervened on behalf of the Reserve Bank of India.

It had closed at 50.41 to a dollar Thursday.

Gold remained in high demand and was trading at Rs.15,315 per 10 grams.

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