May 30, 2003	Friday	Rabi-ul-Awwal 27,1424

MUMBAI, May 29: The Indian rupee ended on Thursday at a two-week closing low, weakening for the second straight day on steady corporate dollar bids, dealers said.

Sentiment on the rupee also sagged a little because the euro took a breather in its rally against the greenback, dealers said.

The rupee ended at 47.0400/ 0650 per dollar, its lowest finish since May 16, when it had closed at 47.1325/1375. It had ended Wednesday at a 10-day closing low of 46.97/99.

It lost 0.3 per cent since Tuesday’s close after a surge in dollar demand from state-run firms making month-end payments for imports.—Reuters