• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

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

Port Info

• Ships in Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

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

Our Bureau

MUMBAI: The rupee recovered some of its losses to close at 43.75 per US dollar on Wednesday. The Indian unit has gained about 4 paise on Tuesday's close of 43.82/83.

The rupee held firm and traded at 43.78/80 levels for most part of the day, said a dealer with a private sector bank. It made further gains towards the finish on dollar sale by market players keen to unload their positions.

The US currency's weak tone in overseas trade weighed on it, especially as there were few buyers for the greenback in the market.

The forwards finished the day slightly firm on paying interest by some public sector banks. The six-month forward closed at 1.70 per cent (1.3 per cent) and the 12-month forward at 1.45 per cent (1.2 per cent).

The Government securities market moved up a shade, with the benchmark 7.38 per cent paper closing at 6.53 per cent as against its previous finish of 6.51 per cent.

According to a dealer with a private sector bank, sentiment in the market was still cautious as the public sector banks are not buying any more and people were trying to shift their investment portfolio to credit which offer better yields currently. The call market was flat at 4.75-4.85 per cent levels.

In the CBLO market, 114 trades aggregating Rs 3,245.75 crore were put through in the rate range of 4.66-4.85 per cent.

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

Stories in this Section
Rupee recovers; securities dull

Copyright © 2005, 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