The Indian rupee on Jan 30 settled up by 10 paise against the US dollar after making a recovery from its early losses. At the Interbank Foreign Exchange (Forex) market, the domestic unit resumed lower at 49.13/14 a dollar on the back of initial weakness in the domestic equity markets amid sustained capital outflows. The rupee touched a high of 48.84 before ending the day at 48.87/88.
In the early stages the firm dollar overseas also weakened the demand for rupee. Besides this, some month-end dollar demand from the importers also put pressure on the rupee in morning deals.
The benchmark six-month forward dollar premium payable in July closed at 56-58 paise while the far-forwards maturing in January closed at 93-95 paise from 91-93 paise previously. In cross-currency trade, the domestic currency grew against the pound sterling to close at Rs 69.90/92 per pound from previous close of Rs 70.06/08.
In the early stages the firm dollar overseas also weakened the demand for rupee. Besides this, some month-end dollar demand from the importers also put pressure on the rupee in morning deals.
The benchmark six-month forward dollar premium payable in July closed at 56-58 paise while the far-forwards maturing in January closed at 93-95 paise from 91-93 paise previously. In cross-currency trade, the domestic currency grew against the pound sterling to close at Rs 69.90/92 per pound from previous close of Rs 70.06/08.
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