Business   

Rupee rallies

MUMBAI: The rupee staged a smart pull-back rally and notched up sharp gains of nine and half paise to close at 46.28/29 a dollar on, propelled by strong exporter dollar sales and unwinding of long positions by banks.

Dispelling cautiousness ahead of the second day U.S. Fed's Open Market Committee (FOMC) meeting, expected to raise rates by a quarter percentage points to 5.25 per cent, the rupee bounced back sharply from an opening low of 46.38/41 a dollar to finish way ahead at 46.28/29 on the interbank foreign exchange market. — PTI

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

Stories in this Section

Telecom FDI: more time for companies
RBI Central Board reconstituted
India to sign pacts with patent offices abroad
Sensex surrenders early gains
Eveready to expand retail trading basket
GM to launch mini car next year
Bse/Nse Notes
Insurance unions get recognition in referendums
`Banks have doubled credit to farm sector'
SriLankan Airlines Group posts profits
Rupee rallies
Exchange rates
Bullion rates
Satyam's new vice-president for Americas
HCL sets up design centre for Augmentix Corp.
Infomedia directory for Ernakulam and Kochi
Reliance Comm's proposal cleared
Sequoia Capital to invest $ 10m more in AppLabs
UTI-Opportunities Fund declares 15 p.c. dividend
Vasan Eye Care centre inaugurated
IFC signs carbon credit purchase pact
SBI Life's expansion plans
Union Bank pays Rs. 98 cr. dividend
Bata to offer VRS
Great Look Men's Salon opens outlet at Le Meridien
Rouble convertible from July
Wheels India to pay second interim
Tata Indicom unveils `power of choice'
TVS Electronics pays 7.5 per cent
HomeFitness Direct launched
Re-elected President of RMAAI
YES Bank and NABCONS form strategic alliance
BharatMatrimony.com launches automobile portal
Sams Auto launches portal
Sequoia Capital to invest $ 10m more in AppLabs

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