Rupee Closes Firmer On Stock Market Movement - Sep 23, 2008

The rupee closed tad firmer tracking the stock market movement. The rupee opened at 45.55 and touched a high of 45.22/23. Nevertheless, the rupee closed lower at 45.44/45, against Friday''s close of 45.83. According to a forex dealer with a public sector bank, the rupee may hover between 45 and 46 and is not likely to cross 46. In the forward premia market the six-month closed at 1.66 per cent (1.38 per cent) and the 12-month at 1.38 per cent (1.15 per cent)a

Rupee Closes At 46.42 Against Dollar - Sep 19, 2008

The rupee depreciated slightly against the dollar on Sept 18, pulled down by the meltdown in world indices. The domestic currency opened lower at 46.63/65, and weakened further to reach an intra-day low of 46.79. It recovered to end at 46.41/42, against the previous close of 46.34/35. In the forward market, the 6-month premium closed lower at 0.63 per cent and the 12-month ended at 0.63 per cent

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

Rupee Closes At 44.44 Against Dollar - 4 Sep 08

The rupee declined by 25 paise against the greenback on Sept 2, due to huge demand for dollar from foreign banks and oil companies. The rupee''s movement was in the range of 40 paise showing high volatility, said. The currency opened at 44.20/21 and weakened to reach an intra-day low 44.57/58. It then staged a recovery to reach an intra day high of 44.15/16 before depreciating to close at 44.43/44, against the previous close of 44.18/19. In the forward market, the 6-month premium closed lower at 2.27 per cent (2.84) and the 12-month ended at 2.27 per cent (2.58).