Business   

Rupee rebounds

MUMBAI: The rupee rebounded against the U.S. currency and ended at 43.45/46 a dollar on Friday, as banks were forced to unload dollar positions to tide over a fresh bout of liquidity squeeze in the banking system amid absence of the central bank's intervention.

In continued active trade on the interbank foreign exchange market at the year end, the local currency gained 29 paise after moving widely in a range of 43.6450 and 43.4500. On Thursday, the rupee had suffered a 1.7 per cent fall, the worst one-day dip in 11 years to close at 43.74/76 per dollar.

PTI

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

Stories in this Section

RBI raises repo, CRR rates
Reliable Freight forms venture with HK firm
DEPB scheme extended further till March 31, 2008
GAIL to take up five pipeline projects
AV Birla Group to expand
Gitanjali enters retail segment
L&T, Arun Excello to promote township project in Chennai
Rupee rebounds
Sensex up 92 points
Exchange rates
Bullion rates
Consumer index up one point
Inflation rate unchanged at 6.46 p.c.
External debt at $142.7 b in 2006
Corus gets court nod for capital reduction
EU sets deadline for Hindalco-Novelis deal
Carthage investment forum in Tunisia
BHEL sets up centre of excellence
Danish firm sets up R&D centre
Tallika becomes design partner of Tensilica
Raj TV in pact with TV 12
NCCL bags orders worth Rs. 302 crore

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu