Rupee ends flat at 52.55/56 vs Dollar

Mumbai, Apr 26: The rupee closed flat today at 52.55/56 against the dollar after alternate bouts of selling and buying of the American currency.At the Interbank Foreign Exchange (Forex) market, the rupee resumed slightly higher
rupee ends flat at 52.55/56 vs dollar - India TV
PTI 26 Apr 2012, 09:23 PM IST
Mumbai, Apr 26: The rupee closed flat today at 52.55/56 against the dollar after alternate bouts of selling and buying of the American currency.

At the Interbank Foreign Exchange (Forex) market, the rupee resumed slightly higher at 52.52/53 per dollar and moved in the range of 52.43 and 52.65, before ending at 52.55/56, little changed from its last close of 52.54/55.

A forex said the market witnesses dollar selling by banks and exporters even as there was month-end dollar demand from importers.

The dollar moved narrowly against the euro and yen in Asian trade. The euro inched up to USD 1.3224 in Tokyo afternoon trade from USD 1.3215. The dollar edged down to 81.14 yen from 81.33 yen.

The rupee premium for the forward dollar ended lower on fresh receivings by exporters.

The benchmark six-month forward dollar premium payable in September ended lower at 159-161 paise from 162-164 paise and far-forward contracts maturing in March closed down at 302-304 paise from 305-307 paise.

The RBI fixed the reference rate for the US dollar at 52.5670 and for euro at 69.5630.

The rupee reacted downwards to 85.00/02 against the pound sterling from Wednesday's close of 84.59/61 and eased against the euro to 69.39/41 from 69.37/39 previously.

It, also fell back against the Japanese yen to 64.96/98 per 100 yen from last close of 64.69/71.
 
 
 

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