Saturday, June 13, 2009

Rupee Falls A Undersized Small Piece - June 13, 2009

On 12th June, the rupee slipped a tad against the dollar as the greenback rallied against other major international currencies and the domestic equity indices closed in the red, said dealers. Dollar demand from oil companies also exerted pressure on the rupee, said a dealer with a public sector bank. The domestic currency opened at 47.41 and weakened to touch an intra-day low of 47.62.

It closed at 47.61, as against the previous close of 47.58/60. In the forward premia marke t, the six-month premium closed lower at 2.79 per cent (2.9 per cent) and the one-year closed at 2.4 per cent (2.45 per cent).

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