• 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, Feb. 13

The rupee weakened by almost five to six paise on Tuesday on weak domestic equity markets. "The market expects a slowdown in foreign inflows into the equities," said a dealer at a private bank.

The home currency opened at 44.1750/18, touched an intra-day high of 44.15, to finally end at 44.20/21 against Monday's close of 44.15/16. "The RBI was not seen in the market," said the dealer. "The rupee is likely to trade in the range of 44.15-44.25 this week," he said. The six-month forward premia closed at 3.12 per cent (3.02 per cent) and the one-year at 2.92 per cent (2.89 per cent).

More Stories on : Forex

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

Stories in this Section
Prisoner's dilemma in Asian exchange rate policies

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