RUPEE AGAIN CRASHES
The rupee today fell past
the 68 mark against the dollar before closing at 67.63, down a whopping 163
paise, on concern that a build-up of tension over Syria would push oil prices
higher and result in a costlier import bill. A strengthening dollar overseas
also kept the rupee under pressure amid demand from importers. The rupee
started weak at 66.29 a dollar from the previous close of 66 at the interbank
foreign exchange market and eased to 66.25. It fell to 68.27 before recovering
some ground to end at 67.63, down 163 paise or 2.47 per cent.
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