Business Daily from THE HINDU group of publications
Wednesday, Jan 06, 2010
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, Jan 06, 2010 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Money & Banking
-
Forex Rupee gives up intra-day gains, but ends higher 
Our Bureau Mumbai, Jan. 5 The rupee continued to gain as it tracked the positive domestic equity market and on the back of strong inflows. But the strengthening of the dollar against currencies such as euro and pound capped the rupee's gains, said a forex dealer with a public sector bank. The rupee opened at 46.27 and closed at 46.25, against the previous close of 46.30. During the day it touched a high of 46.08, which was last seen more than a month ago. There was no concrete reason for the dollar's gains and it was mainly on sentiments, the dealer said. “The sell-off in the euro and pound is perhaps due to risk aversion among investors,” he said. In the forward premia market the six-month closed at 2.78 per cent (2.87 per cent) and the one-year at 2.68 per cent (2.73 per cent). More Stories on : Forex
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2010, 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
|