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Rupee eases on oil, outflow, RBI concerns
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reuters india on 27 November, 2007 08:39:00
 
MUMBAI (Reuters) - The rupee gives up most of its early gains Monday weighed by
dollar buying by oil companies, capital outflows from the stock market, and
hints of central bank
intervention, dealers say.
At 12 p.m., the rupee at 39.675/685 per dollar, falling from the day's high of
39.58, but still stronger than Friday's finish of 39.71/72, its weakest since
Oct. 23.
Dealers say some foreign funds may be repatriating profits before the end of
the calender year, weighing on the local unit.