Business   

Rupee gains 12 paise

MUMBAI, JUNE 4 . Spurred by robust trade and portfolio investment inflows, the rupee today scaled a new 25-day closing peak of Rs 45.12/13 a dollar and extended gains for the fifth straight session, as sentiment remained upbeat for further advances.

Notching up yet another 12 paise gain from Thursday's finish of 45.24/25, the rupee looks all-set to breach the 45.04/06-dollar level logged at the close of trade on May 10, a forex dealer said. In fairly active trade at the interbank foreign exchange market, the rupee opened distinctly firm at 45.20/22 and hit the day's peak of 45.10/11, before settling at 45.12/13 a dollar. The rupee has appreciated by a whopping 35 paise this week. Renewed heavy foreign portfolio investment inflows and export proceeds continued to give the rupee strong underlying support, despite relatively firm global oil prices.

PTI

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

Business

News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Science & Tech |
Advts: Classifieds | Employment | Obituary | Updates: Breaking News |

Stories in this Section

• Industrialists seek reduction in corporate tax rates
• Messages from stock market's recent behaviour
• Idea evinces interest in Aircel
• Larsen & Toubro net profit at Rs. 533 cr.
• Sensex gains 71 points
• Rupee gains 12 paise
• BSNL-Lanka Telecom pact
• Aircel to expand capacity
• SBT net up 43 p.c.
• Dividend norms for PDs
• Astra to buy remaining stake in Astrazeneca
• SEBI grants NTPC exemption
• AMD launches 4 new processors
• Thermax acquisition
• Bharat Bijlee and KEI to integrate operations
• Knitwear institute to be opened
• PNB software to help NPA reduction
• Pepsi plant gets quality award
• Special offer from Hutch
• FCS Software turnover up 46 p.c.
• Manpower launches ITeS division
• Aptech enrolments increase

Copyright © 2004, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu