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Rupee Ends Day Weaker At 42.19

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Last Updated : Jun 19 1998 | 12:00 AM IST

The rupee ended 42.19/24 per dollar against the previous close of 42.14/17 weakened by burst of corporate demand and dollar buying by the State Bank of India (SBI).

Dealers said the rupee was dealt up to an intra-day low of42.25 on a burst of corporate and inter-bank buying towards close.

The market movement was surprising as the rupee fell from an early high of 41.85 to its closing low, they said. "It wasn't a market that was easy to read," a foreign bank dealer said.

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First Published: Jun 19 1998 | 12:00 AM IST

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