• 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, Feb. 15

The rupee was firm against the greenback on Thursday on good dollar inflows into the market. The currency opened at 44.09/10 and closed at 44.10/11 against Wednesday's 44.11/12. Dealers said the rupee ranged between 44.08 and 44.11 during the day. "While news about the cut in fuel prices was positive for the rupee, it was offset by domestic inflation touching 6.73 per cent," said a dealer at a private bank. Market participants say there could have been RBI intervention in the forex market, which reined in the rupee. Traders expect the domestic currency to be in the range of 44.05 and 44.25 in the near term.

"Central bank intervention in the forex market and stock movements will influence the course of the rupee," said a dealer. In forwards, the six month closed at 3.71 per cent (3.62) and the 12 month ended at 3.36 per cent (.3.26).

More Stories on : Forex

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

Stories in this Section
Banks concerned about price volatility in farm lending

Copyright © 2007, 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