• 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

Our Bureau

Mumbai, Dec. 26

The rupee gained against the dollar driven by a liquidity crunch. The domestic currency opened at 44.58/60 and closed the day at 44.45, up from Friday's 44.56/57. Dealers said the shortage of cash in the system caused the rupee to appreciate. "Banks were selling dollars to generate the rupee, which prompted the domestic currency to gain by 11 paise," said a dealer at a private bank. The US and European markets were shut on Tuesday. In forwards, the 6-month closed at 4.67 per cent (3.69 per cent) and the 12-month ended at 3.64 per cent (3 per cent).

More Stories on : Forex

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

Stories in this Section
Syndicate Bank Jaikisan, `a big hit among farmers'

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