COMMENTARY
INTERVIEWS
SPECIALS
CHAT
ARCHIVES

Rupee eases a bit

The spot dollar opened at Rs 39.69/71 and gradually went up to Rs 39.74/76 due to general corporate demand which was only update of the day otherwise most of deal took place in the range of Rs 39.72-73 during the intraday trading.

It finally closed at Rs 39.70-71, leading dealers said. The exporters and importers were waiting for the announcement of Reserve Bank of India's credit policy, dealers added.

Due to dull movement in the spot dollar, there was no movement in the swaps sections. By and large the premiums were remained constant at earlier level, they said.

A nominal amount of export and import booking was conducted in cash and spot basis while marginal amount of export booking was done in far forwards in merchant section.

The cash to spot dollar was quoted at 0.25 to 0.50 paisa premium. The monthwise premium were quoted in paise are 1-1.5 for April, 13-15 for May, 33-35 for June, 53-56 for July, 81-84 for August, 111-114 for September, 139-143 for October and 170-174 for November.

The pound sterling traded at Rs 66.45, mark at Rs 22.16 and yen at Rs 30.40 in the cross currency market.

The Reserve Bank of India fixed rate for the US dollar at Rs 39.73 as against Rs 39.70 on the last working day.

UNI