960418

Indian rupee

closesat 34.24/26

against $

BOMBAY, April 18 (Reuter) - The Indian rupee closed at 34.24/26 on Thursday after opening at 34.22/24, dealers said.

"The supply was not as good as on previous days and business was done up to Rs 34.25 to the dollar," a dealer said.

The Reserve Bank of India (RBI) reduced its dollar purchase price to 34.23 rupees on Thursday, dealers said. Over the last few weeks, the RBI has lowered its price from 34.10 per dollar to the present level, they said.

"This is a clear indication that the RBI is trying to gently push the rupee down," a dealer at a state-run bank said.-Reuter