Tuesday, June 21, 2011

Rupee is Trading Lower in Early Trades on 21 June 2011


The rupee is now Trading at 44.9250 against US Dollar, with a Fall of +0.0100 Points ( +0.0223%) in early Trades on 21 June 2011. It has made  a 3-week low of 44.99/45.00 against the US currency following weak equities amid good dollar demand from some banks and importers on 20 June 2011.The Rupee weakened sharply on Monday 20 June 2011 as the Government of India indicated that they are going to renegotiate DTTA(Double Taxation Avoidance Agreement Treaty) with Mauritus.

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