The Hindu Business Line : Rupee gains marginally in flat trade

The rupee closed a tad higher at 39.99, against the previous close 40.01, in a flat market where the only movement was on account of dollar inflows. On Wednesday, the rupee opened at 40.02/04 and touched a low of 40.04 during the day. There was some dollar selling by exporters, which helped the rupee to close higher, said a forex dealer. "There was no direction to the market and it was flat," he said. The US dollar did not see much movement against other global currencies, either, because the US mortgage data was better than expectations, the dealer added. The forward premia increased a bit because of paying pressure, with the six-month closing at 2.17 per cent (1.19 per cent) and the 12-month closing at 1.57 per cent (1.44 per cent). - Our Bureau

More Stories on : Forex

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

Stories in this Section
Rupee gains marginally in flat trade

Reliance Life clocks 196% growth in new biz premium

Taking ‘a hundred small steps’ to ensure financial inclusion

YES Bank to focus on current, savings accounts

SKS Microfinance plans to double women clients

SBT scheme for auto workshops

Mutual funds chasing 91-day T-bills

Call rates close lower

YES Bank is in talks with foreign majors

DCB looking at alliances, branches for micro-finance

Nabard sets higher short-term refinance target of Rs 22,000 cr