LD RUPEE 2LST

Meanwhile, belying fears of a slowdown, industrial growth
accelerated to 13.8 per cent in July from 7.2 per cent in the
corresponding month last year, on the back of a 63 per cent
jump in capital goods production.
All eyes are now set on the apex bank, which is slated to
review its mid-term monetary policy stance on September 16,
amid expectations that it may raise key rates to tame the near
double-digit inflation.
Global crude was trading near USD 77 a barrel in London
today.
The rupee premium for the forward dollar ended higher on
fresh paying pressure from banks and corporates. The benchmark
six-month forward dollar premium payable in February closed at
111-1/2-113-1/2 paise from 110-111 paise on last Thursday and
far-forward maturing in August firmed up to 212-1/2-214-1/2
paise from 206-208 paise previously.
The Reserve Bank of India has fixed the reference rate
for the dollar at Rs 46.31 and the euro at Rs 59.39.
In cross-currency trade, the domestic unit improved
further against the pound sterling and the Japanese yen while
fell back against the euro.
The rupee hardened to Rs 71.44/46 against the pound
sterling from last weekend's close of Rs 71.59/61 and also
strengthened against the yen to Rs 55.19/21 per 100 yen from
Rs 55.53/55 previously.
It, however, declined to Rs 59.41/43 per euro from last
close of Rs 59.10/12. PTI VMP
RDM


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