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May 28, 2008
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Wednesday
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Jamadi-ul-Awwal 22, 1429
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Rupee weaker
KARACHI, May 27: The rupee was marginally weaker on Tuesday but dealers said they expected it to remain stable in the short-term on fresh inflows in coming days.
The rupee was quoted at 68.00/68.20 to the dollar at the close compared with Monday’s close of 67.90/68.20. The wide spreads reflected banks’ reluctance to trade.
“The rupee was slightly weaker today but it should stabilise as fresh inflows are expected,” said a currency dealer in Karachi.--Reuters
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