• search

Rupee bounces back to 44.64/65/USD after sharp fall

Written by: Staff

Mumbai, Mar 28: The rupee today (Mar 28, 2006) bounced back and closed firm at 44.64/65 per US dollar after dipping sharply to 44.75.

It had closed at 44.66/68 yesterday.

Earlier, the rupee fell sharply in the intra-day trade dipping to 44.75.

However, later during the day rupee recovered as US dollar weakend versus other currencies as well as due to selling of Dollars by the exporters and the foreign Instituional investors.

In the morning the rupee opened at 44.68/70 per USD, as compared to the last close of 44.66/68.

The crude oil price was quoted at Rs 64.40 in the New York Mercantile Exchange (NYMEX) which was much higher than the recent price of around USD 60 per barrel.

The Reserve Bank of India (RBI) reference rate for the rupee versus US dollar was unchanged at 44.66.

The six-month forward premia ended lower at 1.91 per cent, as compared to Monday's close at 1.87 per cent.

The one-year forward premia also ended higher at 1.68 per cent, as compared to the last close at 1.67 per cent.

The cross-currency closing rate for the rupee against the euro was 53.80 (53.72) which was eight paise higher, for pound sterling it was 77.96 (78.06) which was 10 paise lower and for the Japanese yen it was 38.20 (38.33), which was 13 paise lower.


For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more