• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Mumbai, July 9

The rupee appreciated by almost two paise against the greenback on Monday, backed by strong FII inflows into the domestic stock market but traders felt that the gains were checked by suspected RBI intervention in the market. “The central bank’s presence in the forex market is keeping the home currency steady,” said Mr V. Rajagopal, Head-Forex Treasury, Kotak Bank. The domestic currency opened at 40.41 and traded in a narrow range to finally close at 40.43 , up from the previous close of 40.45. In forwards, the six-month premia closed at 1.79 per cent (2.48 per cent) while the 12-month closed at 1.85 per cent (2.37 per cent). —

Our Bureau

More Stories on : Forex

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Stanchart sets up pvt banking hub in Chennai

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line