COMMENTARY
INTERVIEWS
SPECIALS
CHAT
ARCHIVES

Dull trading keeps rupee steady at Rs 42.51/52 vs $

The rupee ended steady against the US dollar after a dull trading session at the interbank foreign exchange market today.

The Indian unit opened at Rs 42.5150/5250 against the US dollar and fell to Rs 42.5350/5450 on demand from some quarters. The rupee, finally, ended at Rs 42.5150/5250 as compared to the previous close of Rs 42.51/52.

The monthly premia (in paise) were 16-18 for March, 43-46 for April, 65-68 for May, 93-96 for June, 117-120 for July, 142-146 for August and 170-174 for September. The six-month annualised premia ended at 7.20 per cent.

Cash/spot ended at 1.25-2.50 paise, cash/tomorrow at 1.00-1.75 paise and tomorrow/spot at 0.50-0.75 paise.

At the tokyo forex market, the US dollar continued its recent hop-skip-and-jump against the Japanese yen, managing to chalk up gains of more than 1 yen for the second consecutive day.

The pair marked another high for the week at 122.78 with market players citing option-related levels and continued general uncertainty surrounding a recovery in Japan as directing the day's trade.

Meanwhile, the Reserve Bank of India maintained the reference rate at Rs 42.53 a dollar.

The rupee ended at Rs 68.46 vs pound sterling, Rs 36.80 vs yen and Rs 46.11 vs euro.

UNI

Business news