Business Daily from THE HINDU group of publications
Friday, Nov 30, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Nov 30, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Forex Rupee range-bound Mumbai, Nov. 29 The rupee saw a choppy trade on Thursday. It opened at 39.68/70 against the dollar and saw an intra-day low of 39.80 and a high of 39.66, before ending the day at 39.75/76, five paise up from the previous close of 39.80, on dollar selling by exporters. "The rupee fell to an intra-day low of 39.80 on some dollar buying by nationalised banks," said a dealer with a private bank. Foreign exchange dealers expect the rupee to trade in the range of 39.75-39.80 this week. In forwards, the six-month premia closed at 1.15 per cent (1.06 per cent) and the 12-month ended at 0.93 per cent (0.91 per cent). - Our Bureau More Stories on : Forex
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