• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Mumbai, Nov. 25

The rupee gained marginally as foreign banks sold dollars. The rupee opened higher at 49.75/77 and touched a high of 49.70. Then, as importers started booking profits, it fell to the day’s low of 50.12. But this was followed by foreign banks such as Citi, Deutsche, and Barclays Bank selling dollars, which helped the rupee recover to close at 49.94/96, up 15 paise. “The major sellers today were foreign banks. They were seen selling at every level. It may have be en on behalf of FIIs, as the Sensex fell,” said a forex dealer with a public sector bank. In the overseas market, the dollar was a bit weak against other currencies as market participants are waiting for clear cut directions after the US government announced the bailout package for Citi, said the dealer.

— Our Bureau

More Stories on : Forex

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

Copyright © 2008, 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