Rupee steady against US dollar

Agencies
Posted online: Mumbai, November 13: IST

Font Size

Feedback

Discuss

Save & Share Article

What’s this?

Digg	My Yahoo	Fark
del.icio.us	Newsvine	Reddit

Rate This Article

Rating: 0

Tuesday , November 13, 2007 at 1028 hrs Rupee on Tuesday held steady against the US dollar during morning trade, largely influenced by the local equity market that showed signs of recovery amid weak global cues.

In lacklustre activity at the Interbank Foreign Exchange (forex) market, the local currency resumed slightly changed at 39.37/39 per dollar from yesterday's close of 39.36/37 and later was quoted at 39.38/39 a dollar in late morning deals.

The rupee remained almost unchanged in line with steady trend in the domestic stock market while Asian markets continued to be weak in morning trade on Tuesday, forex dealers said.

However, the rupee is well supported by weakness in dollar abroad and dollar sales by exporters in the past few days, they added.

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views represented here are not neccesarily endorsed by www.financialexpress.com and its allied websites. All messages will be moderated and no message that has inflammatory, abusive, derogatory language or any language deemed unfit for publication by the editor will be displayed. Though it will be endeavoured that as many messages as possible be displayed, there will be time lag between the submission and publication of the messages. The website reserves the right to publish or reject any message.

I agree to the terms of use.

Latest News

Print Edition

Events

Rupee steady against US dollar

Post Comments