• 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

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

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

Our Bureau

Mumbai, March 27

The rupee was weak against the US currency on Monday on sustained dollar buying by State-run banks on behalf of the Reserva Bank of India and oil companies, but ended nearly unchanged. The rupee opened at 44.57 and ended at 44.67 against Friday's close of 44.65. "There was lot of dollar buying at 44.6 levels," said a dealer with a private bank.

The Indian currency fell despite strong inflows into the equity market, which moved up strongly on Monday. The rupee is likely to end the fiscal at levels of 44.80, said dealers, as there would be month-end demand. The forward premia were almost unchanged with the one-year closing at 1.65 per cent (1.7 per cent) and the six-month closing at 1.86 per cent (1.92 per cent).

More Stories on : Forex

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

Stories in this Section
Foundations for castles

Copyright © 2006, 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