Rupee Ends At 42.25 Against Dollar - July 28 , 2008

The rupee dips by 11 paise against the dollar mainly due to losses in the stock market. The domestic currency opened weaker at 42.21/22 due to the decline in global indices. It reached an intra-day low of 42.35 and closed at 42.25/26, against the previous close of 42.14/15. The rupee is hoped to appreciate further in the next week and would be in a range of 41.80-42.30. In the forward market, the 6-month premium closed higher at 4.75 per cent (4.63) and the 12-month ended at 3.92 per cent (3.90).

Rupee Ends At 42.74 Against Dollar - June 26, 2008

The rupee increased by about 23 paise after the Reserve Bank of India hiked repo rate and CRR. The rupee opened at 42.88/90 and reached the day''s low of 42.92/93, before closing at 42.73/74, higher from the previous close of 42.96/97. In the forward premia market, the six month closed at 4.51 per cent (4.3 per cent) and the 12-month at 4 per cent (3.83 per cent).