Rupee records surprise gain Exporters queued for the entire day on Friday to sell dollars in millions. It further plunged the greenback value to below Rs103 in both open and inter-bank markets. The fast devaluation of dollar panicked those exporters who had parked their dollars out of the financial system in hope of earning premium. Watching the new trend evolve, their nerves broke down on the last working day of the week as they head to hit the market. Dollar was traded at Rs102.90-95 in the inter-bank market on Friday.
Posted on: Mon, 10 Mar 2014 05:07:49 +0000
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