• 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, Nov. 16

The rupee strengthened by almost 40 paise on good dollar supplies in the market. Foreign banks were aggressively selling dollars. The market suspects that banks received dollars from some countries in South-East Asia, said a dealer with a private bank.

The home currency opened at 45.32, and closed at Rs 44.92/93, against the previous close of 45.34/35. "The trading was very volatile today and it is difficult to predict the movement of the rupee," said the dealer.

In forwards, the six-month premium closed at 1.98 per cent (1.88 per cent) and the one-year closed at 1.82 per cent (1.73 per cent). The dollar had weakened initially by 10-15 basis points against the global currencies such as yen, euro and pound sterling. However later in the day, it regained its strength.

More Stories on : Forex

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

Stories in this Section
Rupee gains 40 paise

Copyright © 2006, 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