LD RUPEE 2 LAST

Weakness in local equities after morning session was
mainly due to release of lower-than market expectation of
factory output data.

The index of industrial production rose by a robust 10.03
per cent in October against a paltry 0.1 per cent a year ago.
Meanwhile, global crude oil was trading above USD 71 a
barrel in London.
The Reserve Bank of India, however, fixed the reference
rate for the US dollar at Rs 46.52 and for the euro at Rs
68.55. Rupee premiums on the forward dollar ended higher on
sustained paying pressure from banks and corporates.
The benchmark six-month forward dollar premium payable in
May ended up at 57-59 paise from 54-56 paise on Thursday and
far-forward maturing in November also finished higher at
116-118 paise from 110-112 paise previously.
In cross-currency trade, the domestic currency recovered
against the pound and the Euro while improved further against
the Japanese yen.
The rupee rose against the pound to end at Rs 75.79/81
per pound from Thursday's close of Rs 76.16/18 and also edged
up against the euro to Rs 68.70/72 per euro from Rs 68.77/79
previously.
It, however, firmed up further against the yen to Rs
52.37/39 per 100 yen from its last close of Rs 52.81/83. PTI
VMP
DDC


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