Business Daily from THE HINDU group of publications
Friday, Apr 11, 2008
ePaper | Mobile/PDA Version


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Money & Banking - Forex
Rupee steady on dollar selling

Mumbai, April 10 The rupee remained firm against the greenback on some dollar selling by exporters. The domestic currency opened at 39.98/ 99 and ended at 39.95/96, against the previous close at 39.99. Dealers said that the outlook for the rupee was positive as they expected dollar inflows in the market. The rupee was rangebound during the day as market participants were awaiting interest rate decisions from the European Central Bank and the Bank of England. "Globally, the dollar has been rangebound against the other major currencies pending the decision from the two central banks," said a dealer at a private bank. In the forward market, the 6- month premium closed at 2.13 per cent (2.17) and the 12-month ended at 1.59 per cent (1.57). - Our Bureau

More Stories on : Forex

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



Stories in this Section
Conciliation better than confrontation


Life, health and the right cover
Rupee steady on dollar selling
Pvt insurers score over PSUs in premium collection
Finance Ministry seeks details on charges levied on ULIPs
Israeli bank picks i-flex's Flexcube
Bonds down on higher crude prices
PSU banks opting for longer term securities
SBT unveils loan scheme for hostels
SBI scheme for students in rural schools
Call rates marginally down
Russia’s MBRD in talks with ICICI Bank


BusinessLine E-paper



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

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