• 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, June 11

The rupee appreciated by 34 paise against the greenback beyond the psychological level of 41 on Monday, backed by strong FII inflows into the market. The domestic currency opened at 40.98/99 and saw an intra-day low of 41.04/05 before ending the day at 40.79/80 up from the previous close of 41.13. "It was a volatile market.

The rupee saw an intra-day low of 41.04/05 on speculation the central bank was buying dollars through the state run banks. The home currency also saw a high of 40.79 as a major corporate house was seen selling dollars," said a dealer with a private bank. Market participants expect the rupee to trade in the 41-41.1 range. In forwards, the six-month premia closed at 2.64 per cent (2.14 per cent) while the 12-month closed at 2.69 per cent (2.37 per cent).

More Stories on : Forex

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

Stories in this Section
`On a structural basis, rupee may keep appreciating against dollar'

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