ID :
65005
Wed, 06/10/2009 - 10:21
Auther :
Shortlink :
https://www.oananews.org//node/65005
The shortlink copeid
Rupee ends higher by 7 paise to 47.49 a dollar
Mumbai, June 9 (PTI) The Indian rupee Tuesday ended
higher by seven paise to 47.48/49 per dollar on expectations
of good capital inflow from foreign funds in the equity
markets amid weakness of dollar in overseas.
In active trade Interbank Foreign Exchange (forex)
market, the domestic currencies resumed lower at 47.65/66 a
dollar from its Monday's close and later dropped further to
a low of 47.80 due to fall in the equity market in early
trade.
The Indian rupee recovered smartly to end at 47.48/49 a
dollar, showing a gain of seven paise following recovery in
the equity market.
The greenback was trading in green earlier but downward
pressure on the dollar emerged after the release of stronger-
than expected UK housing figures, which helped to boost the
sentiment for non-dollar currencies.
Also, the BSE benchmark Sensex shot up by 461.08 or 3.14
per cent on comments from Prime Minister Manmohan Singh about
growth of economy. He said Indian economy can achieve 8-9 per
cent growth with a high saving rate.
Oil prices held above USD 69 a barrel in Asian trade
Tuesday after rebounding from overnight falls amid hopes of a
recovery for the ailing global economy.
Meanwhile, the Reserve Bank of India fixed the reference
rate for the US dollar at Rs 47.59 and for the euro at Rs
66.18.
Rupee premiums on the forward dollar ended higher on
fresh paying pressure from banks and corporates.
The benchmark six-month forward dollar premium payable in
November ended up at 65-67 paise from 61-63 paise on Monday
and the far-forwards maturing in May also finished higher at
111-113 paise from 108-110 paise previously.
In cross-currency trade, the Indian rupee declined
against the pound sterling, the euro and Japanese yen.
The domestic currency fell against the pound sterling to
end at Rs 76.73/75 per pound from its previous close of Rs
75.68/70 and also declined against the euro to Rs 66.14/16 per
euro from its last close of Rs 65.87/89.
It also moved down against the Japanese yen to Rs 48.40/42
per 100 yen from the overnight closing level of Rs 48.29/31
per 100 yen. PTI RSU
AM
NNNN
higher by seven paise to 47.48/49 per dollar on expectations
of good capital inflow from foreign funds in the equity
markets amid weakness of dollar in overseas.
In active trade Interbank Foreign Exchange (forex)
market, the domestic currencies resumed lower at 47.65/66 a
dollar from its Monday's close and later dropped further to
a low of 47.80 due to fall in the equity market in early
trade.
The Indian rupee recovered smartly to end at 47.48/49 a
dollar, showing a gain of seven paise following recovery in
the equity market.
The greenback was trading in green earlier but downward
pressure on the dollar emerged after the release of stronger-
than expected UK housing figures, which helped to boost the
sentiment for non-dollar currencies.
Also, the BSE benchmark Sensex shot up by 461.08 or 3.14
per cent on comments from Prime Minister Manmohan Singh about
growth of economy. He said Indian economy can achieve 8-9 per
cent growth with a high saving rate.
Oil prices held above USD 69 a barrel in Asian trade
Tuesday after rebounding from overnight falls amid hopes of a
recovery for the ailing global economy.
Meanwhile, the Reserve Bank of India fixed the reference
rate for the US dollar at Rs 47.59 and for the euro at Rs
66.18.
Rupee premiums on the forward dollar ended higher on
fresh paying pressure from banks and corporates.
The benchmark six-month forward dollar premium payable in
November ended up at 65-67 paise from 61-63 paise on Monday
and the far-forwards maturing in May also finished higher at
111-113 paise from 108-110 paise previously.
In cross-currency trade, the Indian rupee declined
against the pound sterling, the euro and Japanese yen.
The domestic currency fell against the pound sterling to
end at Rs 76.73/75 per pound from its previous close of Rs
75.68/70 and also declined against the euro to Rs 66.14/16 per
euro from its last close of Rs 65.87/89.
It also moved down against the Japanese yen to Rs 48.40/42
per 100 yen from the overnight closing level of Rs 48.29/31
per 100 yen. PTI RSU
AM
NNNN
