World Banks:Illegal logging generates between $ 10 & 15 bln a yr
Published on March 21, 2012
Mumbai : The rupee dropped to two-week low by slipping 31 paise to 50 rupees 70 paise against the dollar in the late morning trade on sustained demand for the American currency from banks and importers.
A forex dealer said persistent dollar demand from banks and importers in view of strong dollar in the international market mainly affected the rupee value against the US currency.