Indian rupee down 20paise dollar strog 46.73

December 14, 2009 by Prakash Dhawan · Leave a Comment
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Indian rupees today depreciated by 20 paise to 46.73 against the US dollar in opening trade largely on fears of fresh capital outflows by foreign funds amid a bearish trend in other Asian markets.
However, dollar’s losses against some currencies, limited the fall in the local unit.

At the Interbank Foreign Exchange (Forex) market, the domestic unit traded 20 paise down at 46.73 a dollar. The rupee had ended 11 paise higher at 46.53/54 against the dollar in the previous session on Friday.

Forex dealers said the expectations of fresh capital outflows by foreign funds following a weak Asian market, which was down up to 1.20 per cent in the morning trade today, mainly weighed on the rupee.

Tags: Dollar, forex, Indian rupees, market, Money, trade, USA

Rupee up against dollar in early trade

February 25, 2009 by Prakash Dhawan · 2 Comments
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After remaining weak for two straight sessions, the Indian rupee appreciated by 14 paise against the US currency in early trade on Wednesday on expectations of firm opening of the domestic bourses on the back of recovery in the Asian qeuities, raising hopes of fresh capital inflows by foreign funds.

At the Interbank Foreign Exchange (Forex) market the domestic unit was quoted higher at 49.73 a dollar, a rise of 14 paise over the previous close of 49.87/88.
Forex dealers said hopes of fresh capital inflow from foreign funds in the domestic stock market which may rise in line with other Asian bourses such as Hang Seng and Nikkei supported the Indian rupee.

Also, some dollar selling by banks and exporters at higher levels helped the domestic currency to edge higher. Japan’s Nikkei was up 1.87 per cent, while Hong Kong’s Hang Seng index gained 2.49 per cent in early trade on Wednesday.

Tags: curremcy, Dollar, india, market, rupees, trade, US