Wednesday 30 November 2011

Indian Rupee down by 18 paise at 52.20/21 against dollar

The rupee today declined by 18 paise to close at 52.20/21 against the US dollar on sustained demand from importers for the US currency.



Rupee today fell by 18 Pais and closed at 52.20/21 against the U.S. dollar continued to demand from importers for the U.S. currency indications of further capital outflows.

Late recovery of local populations and a smaller decline in the dollar against its major rival currencies in foreign markets limited the fall of rupee, forex dealers said.

On the interbank foreign exchange (Forex) market, the domestic currency at 52.03/04 and dropped further to a minimum the following weakness 52.43 shares.

In harmony with the recovery, rupee reflected the date when the low and settled at 52.20/21, even by 18 Pais in his last close.

Meanwhile, the comparative index BSE Sensex ended the day 115.12 points higher at 16,123.46, after registration at the beginning of the fall trade.

FIIs pulled in nearly 1250000000dolar 11straight séance business from 15 November

Meanwhile, dollar rupee premium for forward step by step, further stray, but apply steady pressure from banks and businesses.

Comparative six months forward dollar premiums payable in April edged up to 94-96 93-95 Pais Pais yesterday and as far forward contracts maturing in October also ended at 155 to 157 of Pais 154-1/2-156-1 / 2 Pais earlier.

The central bank fixed the reference rate for U.S. dollar to RS 52.1650 and 69.4735 euros for RS.

Rupee remained weak against the pound sterling until the end of the RS 81.59/61 at close on Tuesday when R 81.28/30 gained slightly to finish at 69.56/58 69.61/63 Euro RS earlier.

It will also recover against the Japanese yen on R 66.94/96 100 yen to the last closing R 67.01/03.