The rupee gained four paise at 40.60/61 against the greenback on Monday to snap a four-day losing streak amidst expectations of increased capital inflows, a major driver behind the local currency.The Indian currency had fallen by 52 paise, or 1.3 per cent, in the last four sessions.
At the Interbank Foreign Exchange market, the domestic currency surged to 40.52 level after resuming steady at 40.65/66 a dollar against its previous close of 40.65/65 a dollar.
The rupee premiums on forward dollar ended lower on fresh receivings by exporters.
The benchmark six-month forward dollar premiums payable in October ended at 33 - 35 paise, down from 37-1/2 - 39-1/2 paise on Friday and the far-forward maturing in April moved down to 60-1/2 - 62-1/2 paise from 63 - 65 paise previously.
At the Interbank Foreign Exchange market, the domestic currency surged to 40.52 level after resuming steady at 40.65/66 a dollar against its previous close of 40.65/65 a dollar.
The rupee premiums on forward dollar ended lower on fresh receivings by exporters.
The benchmark six-month forward dollar premiums payable in October ended at 33 - 35 paise, down from 37-1/2 - 39-1/2 paise on Friday and the far-forward maturing in April moved down to 60-1/2 - 62-1/2 paise from 63 - 65 paise previously.
No comments:
Post a Comment