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Rupee Continues To Fall, Closes At 48.41/42 Vs $

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BUSINESS STANDARD

The relentless fall of the rupee continued Friday with the Indian currency losing by 5 paise to close at yet another low of 48.41/42 against the dollar.

With this, the rupee lost ground on four consecutive trading sessions, losing 0.3 per cent during the week. On a year-on-year basis, the Indian currency has dipped by Rs 1.75 (3.75 per cent).

Forex dealers expect the rupee to fall to the level of 48.6 by next week.

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First Published: Jan 12 2002 | 12:00 AM IST

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