Rupee maintains stability vs dollar

April 23, 2009 by Prakash Dhawan
Filed under: Uncategorized 

The national currency was able to maintain stability against the American currency in the interbank market, dealers said on Wednesday.

The dollar initiated the day’s trading at Rs 80.59 for buying, did not witness any change and closed at the same rate of Rs 80.59 for buying and Rs 80.64 for selling. However, the European single currency recorded a loss of 43 paisas against the rupee during the day. The euro started the day’s trading at Rs 104.66 for buying and after depreciating was changing hands at Rs 104.23 for buying and Rs 104.43 for selling during the day’s trading. Similarly, the pound sterling also shed grounds against the national currency, as the rupee incurred a gain of 41 paisas. The British currency commenced the day’s trading at Rs 117.57 for buying, lost strength and closed at Rs 117.16 for buying and Rs 117.36 for selling.

Open market: The rupee managed to remain unchanged against the dollar, dealers said.

The American currency started the day’s trading at Rs 80.50 for buying, did not witness any change and closed at Rs 80.50 for buying and Rs 80.90 for selling.

The European single currency also remained stable against the rupee. The euro started the day’s trading at Rs 103.50 for buying, did not show any change and closed at the same rate of Rs 103.50 for buying and Rs 105.50 for selling. However, the British currency gained grounds against the rupee as the pound sterling started the day’s trading at Rs 116.50 for buying, appreciated and was changing hands at Rs 117.20 for buying and Rs 119.20 for selling during the day’s trading. Therefore, the national currency recorded a loss of 70 paisas. staff report

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