Online edition of India's National Newspaper
Friday, Jul 20, 2007
ePaper
Google



Business
News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Classifieds | Jobs |



Business Printer Friendly Page   Send this Article to a Friend

Rupee recovers


MUMBAI: The rupee on Thursday recovered smartly to close at 40.35/36 against the dollar on the back of sustained capital inflows and weak dollar overseas. In volatile trading at the interbank foreign exchange market, the Indian unit opened barely steady at 40.41/42. Later it fluctuated in a range of 40.3150 and 40.4550 on alternate bouts of buying and selling. Finally, it settled the day at 40.35/36, a rise of five paise over the previous close of 40.40/41. The rupee got support from sustained capital inflows.

Foreign institutional investors nearly pumped in $4.7 billion from June 29 to July 17, taking the total above $8 billion, almost same as last year’s inflow.

Lack of intervention by the central bank also aided the rupee’s surge. — PTI

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



Business

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Classifieds | Jobs | Updates: Breaking News |

Trip Mela


News Update


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Home |

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