Tuesday, Dec 28, 2004
Tuesday, Dec 28, 2004 |
| Business | ||||
|
News:
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
Advts: Classifieds | Employment | Business
MUMBAI, DEC. 27. The rupee today remained under pressure against the U.S. currency due to possible month-end dollar demand amidst a relatively firm dollar overseas in mostly quiet and range-bound trading at the interbank foreign exchange market. Opening distinctly weak at 43.84/85 a dollar, the rupee edged down to close at 43.85/86, sharply lower from last Friday's close of 43.78/79 after trading in a tight range of 43.83 and 43.86 in directionless business, dealers said. Despite possible month-end dollar demand amidst the relatively firm dollar overseas exerting renewed pressure on the rupee today, sentiment for the domestic currency remains positive due to steady trade and foreign fund inflows. The rupee has appreciated by over 4.1 per cent in the current calendar year so far, buoyed by robust foreign institutional investments (FIIs) and trade remittances. Traders expect the forex spot trade to remain dull and within tight bands tomorrow due to the Christmas holiday season in overseas centres.
— PTI
Printer friendly
page
News:
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu
|
