Rupee registers fresh 9 year high

Mumbai, Oct 8 (UNI) Despite quiet trading in the overnight forex market, Rupee bettered its previous margins today ending nearly five paise up at 39.44/45 per dollar, marking a fresh nine year high.

According to sources, the inflows entered into the domestic equities on Monday was around 0.5 billion US dollars, while the figure is estimated to be around 25-30 billion US dollars to date in the current fiscal.

The domestic currency has appreciated by nearly 10 percent after March this year.

Rupee kicked off in the morning higher at 39.41 per dollar and touched a low of 39.50 per dollar before softening in the late day session.

It later registered a day's high of 39.48 per dollar before settling at 39.44/45 per dollar.

Reserve bank today mopped up nearly 56,000 crore by selling securities at its Liquidity Adjustment Facility (LAF) reverse repo window.

In the forwards, six month premium ended at 1.00 (1.05) percent while the annualised premium ended at 1.03 (1.05) percent.

Against euro, The Rupee closed at 55.60 per each unit, against Pound Sterling at 80.45 per each unit, while Japanese currency (Yen) was quoted at 33.58 per 100 hundred units each.

UNI