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FOREX BROKERS TRADE IN BOMBAY, 1999-06-24 (photo)

IMAGE number
REU8483338
Image title
FOREX BROKERS TRADE IN BOMBAY, 1999-06-24 (photo)
Auto-translated text View Original Source
Medium
photograph
Date
1999 AD (C20th AD)
Shooting Date
1999-06-24
Image description

Forex traders in Bombay make rupee/dollar deals by phone June 24. The Indian currency has weakened by slightly over one percent since May 26 when India began airstrikes against militants in the disputed Kashmir region. India says the fighters are a mix of Pakistani soldiers and mercenaries backed by Islamabad, a charge that Pakistan denies. The rupee was quoted at around 43.31 to the dollar on Thursday afternoon and dealers said the currency remained under pressure because of fears the Kashmir conflict could escalate into a full-fledged war with Pakistan. SK/TAN

Photo credit
REUTERS / Bridgeman Images
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