Business   

Rupee rallies smartly

MUMBAI: The rupee rallied smartly against the U.S. currency on Thursday after fresh trade and portfolio investment inflows pulled it up from overnight 12-day low to close sharply higher at 44.34/35 a dollar, helped partly by a renewed bull-charge at the local bourses. In a active trading at the interbank foreign exchange market, the rupee recovered by seven paise from Wednesday's 12-day closing low of 44.41/42 following a steady opening slot at 44.40/42 a dollar.

The rupee declined by six paise on Wednesdayand fell by 20 paise in two trading sessions. — PTI

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

Stories in this Section

Jet Airways acquires Air Sahara for $500 m
ONGC-Shell tie up in oil and gas sector
Sensex zooms 212 points
Pan-Asia fund to target $100m size
Rupee rallies smartly
Good show by South Indian Bank
VAT still a matter of concern for many tax-payers
SBT to assist over 20,000 self-help groups this fiscal year
Adopt conciliatory approach to settle disputes, banks told
Focus on the flip side of `Kerala model'
IPCL Q3 net up
IFC to focus on infrastructure
CCI to scrutinise mergers, takeovers
Exchange rates
Bullion rates
ICAI opposes move
PIO investment in airlines
HCL's co-sourcing deal with DSG
SEBI raps 14 brokers
AIG's COO Kanak resigns
Servion buys 5by5 Networks
Lason to increase headcount
Airwide Solutions starts India operations
Chola MF launches Contra Fund
Quintegra reconstitutes board
Aztec Software opens centre in Hyderabad
Afilias enhances registry services
Payment gateway for West Bengal coop bank
LG Electronics to invest Rs. 400 cr.
HP's launches mobile inkjet printer
ING Vysya Bank to open self-bank outlets
Microsense to offer voice solutions
New MD for ING Vysya Bank
Ramapuram Holiday resort in Kabini
Emart opens retail outlet `Next'

Copyright © 2006, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu