Rupee sheds 20 paise

print   ·  

Our Bureau

Mumbai, Nov. 14

The rupee was down by over 20 paise against the dollar as government banks bought dollars. It opened at 44.97 and closed at 45.19/20, against the previous close of 44.98.

"The rupee may continue to be volatile for some time and see movement of around 20 paise in intra-day trade, because it had moved from 44.35 to 45.25 in just two days," a dealer said.

The dollar saw a small rally against other currencies ahead of the US producer price index and retail sales data scheduled for release later on Tuesday. The six-month forward premium closed at 1.87 per cent (1.79 per cent) and the one-year premium closed at 1.75 per cent (1.68 per cent).

(This article was published in the Business Line print edition dated November 15, 2006)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.



Recent Article in MONEY & BANKING

Increase in loan book helps HDFC put up a good show

Market leader Housing Development Finance Corporation (HDFC) delivered 12 per cent growth in net profit in the December quarter o... »

Comments to: Copyright © 2015, The Hindu Business Line.