Rupee opens at 42.07 against USD

By Staff
|
Google Oneindia News

Mumbai, Apr 20 (UNI) The spot rupee today opened at 42.07, close to yesterday's closing rate against the USD, with not much movement visible in the morning session, according to dealers.

Rupee traded lower early in the day with importers demand accompanying traders' inclination to cover short dollar positions registered an intra-day's low of 42.05. Later Rupee touched an intra- day high of 41.95. The domestic unit is currently trading at this rate.

Foreign Institutional Investment net inflows into Indian equities amounted to over half a billion in the last four sessions, said brokers.

Forward premia remained active in the morning session though movement was in a comparatively narrower range. With the spot market showing a bias towards covering short dollar positions, premia were 5-6 paise lower compared to yesterday's margin. Six-month premia stayed above 6 percent.

UNI

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X