Thursday, September 18, 2008

Rupee Closes At 46.36 Against Dollar - Sep 18, 2008

After seeing a sharp decline for the last two days, the rupee rebounded against the dollar on Sept 17. The domestic currency increased by 55 paise against the greenback after the Reserve Bank of India intervened to check its fall. The rupee opened stronger at 46.35/36, but weakened to reach an intra-day low of 46.72. It recovered to close at 46.34/35, against the previous close of 46.90. In the forward market, the 6-month premium closed higher at 1.34 per cent and the 12-month ended at 1.18 per cent

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