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Sunday, 07 October 2012 - 19:38
Rupee Strengthens, Weakening Forecasted
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The Rupee strengthened to 128.30 against the Dollar on Friday, in a week which saw the currency gradually increase from an opening of 131.17 on Monday.

The Rupee was selling at 127.99 on Monday against the Dollar, and rose to 127.88 on Friday.

Buying started at 131.17 on Monday, which also rose to 131.06 by the end of the week. Brokers attributed the strengthening to Dollar sales by state banks of around 100 million dollars.

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