Financial Daily from THE HINDU group of publications
Friday, Apr 14, 2006
Financial Daily from THE HINDU group of publications Friday, Apr 14, 2006 |
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Money & Banking
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Forex Rupee ends unchanged Our Bureau
The domestic currency opened at 45.33/35 and touched an intra-day low of 45.40. It, however, appreciated to close the day at 45.18/20, against 45.19 on Wednesday. Dealers said the fall in the Sensex and the ebbing of FII inflows caused the rupee to lose ground against the dollar. A dealer at a private bank said the central bank seemed to have stepped in at the intra-day low of 45.40 and sold dollars through nationalised banks. "There was all round corporate as well as inter-bank buying of dollars. However, the intervention by RBI caused the rupee to trim its losses before closing," said the dealer. The rupee is likely remain in the range of 45.10-45.40 in the next few days, said dealers. In the forward premia market, the 6-month premium closed at 1.28 per cent (1.17) and the 12-month ended at 1.34 per cent (1.25).
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