Rupee ends slightly weaker at 90.80/91 to dollar
ISLAMABAD: In the currency market, the rupee ended slightly weaker at 90.80/91.00 to the dollar, compared to Friday's close of 90.86/90.The rupee has been supported by remittances, which rose 20.2...
May 14, 2012
The rupee has been supported by remittances, which rose 20.2 percent to $10.88 billion in the first 10 months of the 2011/12 fiscal year, compared with $9.05 billion in the same period last year.
In April, remittances totaled $1.14 billion.
Overnight rates in the money market ended at 11.90 percent, the same level as Friday. (Reuters)
