Month-end demand for dollar from importers weighed on rupee's value
Volatility forced tourists to either postpone their vacation overseas or choose less costly domestic destinations
Retreat in domestic equities from the day's highs also hurt the rupee
Euro's weakness against dollar on persistent euro zone worries pressurises Indian currency
It further lost 57 paise today
Stay away from shares of companies that have high overseas investor holdings or foreign currency convertible bonds due for conversion soon
Senior officials from state-run oil companies HPCL and BPCL also denied receiving any such directive
Ends 16 paisa up vs USD
Classical music fanatic says yes to YES Bank
MARKET ROUND-UP
Snapping its two-day gaining streak, rupee loses 39 paise to settle at 51.11/12
The central bank is likely to push up money supply before cutting rates
Late dollar selling by exporters helped the rupee recover
Tumbles 33 paise to end at 51.47/48 on heavy dollar demand from importers
Slowing economy, governance lethargy, and a rising current account deficit blamed for fall