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Crude concerns take away initial rupee gains

The Indian rupee erased early gains against the U.S. dollar falling to 45.23 in the late afternoon trade. This is even after the Union Budget 2011 laid down some significant measures inviting more overseas funds. It touched an intraday high of Rs 45.17 on bullish sentiment, prompted by Budget proposals.

February 28, 2011 / 16:06 IST

The Indian rupee erased early gains against the U.S. dollar falling to 45.23 in the late afternoon trade. This is even after the Union Budget 2011 laid down some significant measures inviting more overseas funds. It touched an intraday high of Rs 45.17 on bullish sentiment, prompted by Budget proposals.

first published: Feb 28, 2011 03:26 pm

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