• 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 21

The rupee strengthened by three to four paise on strong dollar inflows into the domestic stock markets. "Inflows due to ICICI Bank's follow-on public offer and the DLF issue has helped strengthen the home currency," said a dealer at a private bank.

The home currency opened at 40.80/82, touched an intra-day high of 40.70 to finally close at 40.71/72 against Wednesday's close of 40.75. "Some nationalised banks were seen buying dollars in the market, pushing the rupee to 40.77 during the day," said the dealer. Dealers expect the rupee to trade between the range of 40.50-40.70 in the next ten days. The six-month forward premia stood at 2.93 per cent (2.81 per cent) and 12-month premia at 2.83 per cent (2.73 per cent).

More Stories on : Forex

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

Stories in this Section
Karnataka Bank sets loan target

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