• 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

Mumbai, June 28

The rupee strengthened by 16 paise against the greenback backed by good supplies and closed at 40.83 on Thursday up from the previous close of 40.99/41. The domestic currency opened a bit weaker at 40.95 and saw an intra-day low of 41 before ending the day at 40.83. “There was some dollar buying during the day which weakened the rupee to 41, but good supplies strengthened the rupee to a close of 40.83,” said a dealer with a private bank. Market participants exp ect the rupee to trade in the 40.75-41.10 range this week. In forwards, the six-month premia closed at 2.91 per cent (3.34 per cent) while the 12-month closed at 2.83 per cent (3.03 per cent). —

Our Bureau

More Stories on : Forex

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

Stories in this Section
RBI issues norms for banks to manage pension funds

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