ID :
117920
Wed, 04/21/2010 - 21:21
Auther :
Shortlink :
https://oananews.org//node/117920
The shortlink copeid
Rupee rebounds by 21 paise VS dollar
LD RUPEE
Mumbai, Apr 20 (PTI) The rupee Tuesday rebounded by 21
paise against the US currency to close at 44.52/53 after
dollar selling by exporters amid hike in the policy rates by
the apex bank Tuesday.
Weakness in dollar overseas against its major rivals too
boosted the rupee sentiment, dealers said.
At the Interbank Foreign Exchange (Forex) market, the
domestic unit opened strong at 44.60/61. Later, it touched a
high of 44.45 a dollar on the back of rise in stock markets
and expectations of increased capital inflows.
Dollar selling by exporters on expectations of fall in
the US currency mainly supported the rupee, dealers said.
The Reserve Bank squeezed the money supply by raising key
short term lending and borrowing rates and banks' cash reserve
requirement by 25 basis points each, which also boosted the
rupee sentiment, they added.
Meanwhile, global crude oil prices were trading above USD
82 a barrel in London Tuesday.
Higher global advices and expectations of good Q4 results
from key corporates pushed up the BSE benchmark Sensex to
close by nearly 60 points or 0.34 per cent.
The rupee premium for the forward dollar ended further
lower on sustained receiving by exporters.
The benchmark six-month forward dollar premium payable
in September ended weak at 67-69 paise from 69-70 paise on
Monday and far-forward maturing in March also closed lower at
137-139 paise from 139-1/2-140-1/2 paise previously.
The Reserve Bank of India fixed the reference rate for
the dollar at Rs 44.61 and for the euro at Rs 60.01.
In cross currency trade, the domestic currency declined
against the pound and the euro while rose against the Japanese
Yen.
The rupee reacted downwards against the pound to end at
Rs 68.54/46 per pound from Monday's close of Rs 68.10/12 and
also softened against the euro to Rs 60.09/11 per euro from Rs
60.08/10 previously.
However, it recovered smartly against the yen to Rs
47.94/96 per 100 yen from its last close of Rs 48.67/69. PTI
VMP
RDM
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Mumbai, Apr 20 (PTI) The rupee Tuesday rebounded by 21
paise against the US currency to close at 44.52/53 after
dollar selling by exporters amid hike in the policy rates by
the apex bank Tuesday.
Weakness in dollar overseas against its major rivals too
boosted the rupee sentiment, dealers said.
At the Interbank Foreign Exchange (Forex) market, the
domestic unit opened strong at 44.60/61. Later, it touched a
high of 44.45 a dollar on the back of rise in stock markets
and expectations of increased capital inflows.
Dollar selling by exporters on expectations of fall in
the US currency mainly supported the rupee, dealers said.
The Reserve Bank squeezed the money supply by raising key
short term lending and borrowing rates and banks' cash reserve
requirement by 25 basis points each, which also boosted the
rupee sentiment, they added.
Meanwhile, global crude oil prices were trading above USD
82 a barrel in London Tuesday.
Higher global advices and expectations of good Q4 results
from key corporates pushed up the BSE benchmark Sensex to
close by nearly 60 points or 0.34 per cent.
The rupee premium for the forward dollar ended further
lower on sustained receiving by exporters.
The benchmark six-month forward dollar premium payable
in September ended weak at 67-69 paise from 69-70 paise on
Monday and far-forward maturing in March also closed lower at
137-139 paise from 139-1/2-140-1/2 paise previously.
The Reserve Bank of India fixed the reference rate for
the dollar at Rs 44.61 and for the euro at Rs 60.01.
In cross currency trade, the domestic currency declined
against the pound and the euro while rose against the Japanese
Yen.
The rupee reacted downwards against the pound to end at
Rs 68.54/46 per pound from Monday's close of Rs 68.10/12 and
also softened against the euro to Rs 60.09/11 per euro from Rs
60.08/10 previously.
However, it recovered smartly against the yen to Rs
47.94/96 per 100 yen from its last close of Rs 48.67/69. PTI
VMP
RDM
The information contained in this electronic message and any attachments to this
message are intended for the exclusive
use of the addressee(s) and may contain proprietary, confidential or privileged
information. If you are not the intended
recipient, you should not disseminate, distribute or copy this e-mail. Please
notify the sender immediately and destroy
all copies of this message and any attachments contained in it.
