Business   

Rupee little changed

MUMBAI NOV. 19. The rupee ended barely changed against the U.S. currency today after gyrating either-way on alternate bouts of heavy dollar selling and buying in an erratic two-way trade at the interbank foreign exchange market.

Closing at 45.62/63 a dollar, little changed from yesterday's 5-week low close of 45.62/64, the rupee shot up to the day's peak of 45.45/46 on fresh exporter sales and unwinding of long dollar positions. But later succumbed to renewed dollar demand from all quarters amidst a shortage scare. It opened on a firm footing at 45.55/56 in direct reflection to the dollar's overnight fall to an all-time low against Euro amid a broad-based sell off in the U.S. currency. The rupee tumbled by over 38 paise in the earlier seven consecutive trading sessions.

PTI

Printer friendly page  
Send this article to Friends by E-Mail

Business

News: Front Page | National | Southern States | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary |

Stories in this Section

• Hero Motors joins hands with Aprilia
• Euphoria over IT offshoring premature?
• New strategic facilities at Millipore India
• Financial consultants for airport modernisation shortly
• Sensex drops further
• Rupee little changed
• Sami Labs launches Sri Lanka operations
• MBD group's plans
• No comfort level for rupee — Y. V. Reddy
• Stock Market Index
• Bullion rates
• Exchange rates

Copyright © 2003, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu