Renewed dollar demand from banks & importers on the back of stronger dollar in global mkt affected rupee value
Erases early gains, still higher by 4 paise on uneven demand & supply of dollar from banks, despite strong dollar overseas
Sustained demand of the dollar, weakness in local equities, weighed on the rupee
Ends at Rs 54.88 against the dollar after weakening to Rs 55.13 during the day
HDFC's new infra finance head wears many hats
Forex dealers attributed decline for fourth trading day in a row to weakness in local equities amid fresh capital outflows
Increased demand for dollar from importers, weakening of Asian currencies in overseas markets put pressure on rupee
As against the US dollar, the rupee has sharply fallen from 52.88 levels one month ago to 55.16 on Friday, marking a drop of over 4.2%
HDFC Bank has posted profit growth of over 30% every year for the last decade, richly rewarding its investors
RUPEE-INDIA-DOLLAR:Rupee edges higher seen largely ranged during day
Sustained foreign capital inflows into the equity market mainly boosted rupee value against the dollar
Persistent selling of dollars by banks and exporters in view of lower dollar in the overseas market mainly boosted the rupee value against the dollar
Surrendered its early gains amid fresh dollar demand from importers