September 29th, 2005

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Strike hits early trade in forex market

Mumbai: Early trade was adversely affected at the Interbank Foreign Exchange market here today due to the nation-wide one day industrial strike after the bulk of bank employees joined a slew of unions to protest the Centre’s privatisation policy. In thin dealing at the Forex spot market, the rupee was quoted at Rs 44.0250/0350 per dollar in late morning deals, higher from Wednesday’s close of Rs 44.0350/0450 per dollar following a strong opening slot of Rs 44.0150/0250. (more…)

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