Business   

Rupee posts mild recovery

MUMBAI: Initial blips, notwithstanding, the rupee on Thursday rallied to end in the positive terrain with a modest two paise gain at 45.19/20 a dollar, helped by sustained foreign institutional investment inflows amidst assurance that the government would meet India Millennium Deposit (IMD) redemptions.

Resuming distinctly weak at 45.32/33 at the interbank foreign exchange market, the rupee hit a low of 45.38/39 in early trading after a robust dollar overseas, fuelled hectic dollar demand from oil corporates and importers due to worries over IMD redemptions. — PTI

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

Stories in this Section

Sugar decontrol at the right time, says Pawar
Exports fall in Nov.
Stanchart buys ICICI Bank NPAs worth Rs. 1,300 cr.
Motorola unveils new mobile
SBI Mutual launches Blue Chip Fund
Banks project Rs. 2,422-crore credit disbursement for Kannur
Uravu project among those chosen for Exim Bank support
Banks see signs of economic revival in Wayanad
Avesthagen to raise 25 m euro
GAIL-BPCL plan piped gas projects
Rupee posts mild recovery
Sensex gains fresh ground
Bullion rates
Exchange rates
SEBI bans nine cos., one OCB
Reliance fixes Jan. 25 as record date
Sasken opens centre in Mexico
First lady President for PHDCCI
Emirates' Internet check-in facility in India
Tata Teleservices approves rights issue
UTI-GSF-Pharma declares 25 p.c. dividend
Polaris ties up with Interwoven
Arham Plastics to set up new plant
Bluechip launches range of software products
Mahavir Spinning plans major expansion
Ucal Fuel to disinvest stake in Engelhard
New marketing manager for DHL Express
Philips launches new range of products
Bhawani Textile eyes Rs. 400 cr. turnover in 2006-07
LogicaCMG gets BS7799-2:2002 certification
Sahara India Mass Communication renamed
Sasken CFO bags award
Liberty Shoes to set up unit in HP
SELCO Solar figures in 2005 Tech Museum Aards
Himatsingka Seide raises $60 m
Symphony Services names Jerry Smith as CTO
Cost control award for BEL
Laser Soft develops `Panacea' CBS system
HUDCO appoints director
Rishabh Digha Steel to modernise its Taloja units
Vista pharma to manufacture two ANDA drugs

Copyright © 2005, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu