Re STAYS UNCHANGED AT 42.31

Article Abstract:

The spot rupee which closed at 42.31/32 against the US dollar in the foreign exchange markets on October 15, 1998, has retained the same level of its previous close on October 14, 1998. The spot rupee opened at 42.31/32 against US dollars on October 15, 1998 and marginally appreciated to rule at around 42.28/30 during the day. The appreciation was due to renewed sales of dollars by corporates and exporters. With the intervene of State Bank of India, which entered the market late afternoon to buy dollars, had made the rupee to close at 42.31/32 levels on Oct 15, 1998. (gs)

---

Re UNCHANGED AGAINST $

Article Abstract:

The spot rupee closed at 42.34/35 against the US dollar on October 9, 1998. It had closed at the same rate on October 8, 1998, too. During the day, the rupee was traded in the band of 42.34-42.36 against the US dollar. Dealers have attributed a slight easing in the forward premia due to the appreciation of the south-east Asian currencies. (gs)

---

Re REMAINS UNCHANGED

Article Abstract:

The rupee opened at 42.49 levels against the dollar and closed unchanged at 42.49/50 in the foreign exchange markets on January 15, 1999. Dealers said that banks off-loaded dollars and got out of long positions as funding dollar positions out of call borrowings became very costly. (khr)

United States, Market information - general, Administration of General Economic Programs, All Other Nondepository Credit Intermediation, Financial Institutions NEC, Foreign Monetary Policy NEC, Foreign exchange rates, International economic relations, Financial institutions

Similar abstracts:

• Abstracts: Re CLOSES AT 42.33. RUPEE FIRMS UP AGAINST $. RUPEE CLOSES AT 42.34
• Abstracts: CALL RATES CLOSE AT 8 PERCENT. CALL RATES CLOSE AT 9.25%. CALL RATES CLOSE AT 8%
• Abstracts: PPL EMERGES STRONG PLAYER. A SWEET RECIPE INDEED
• Abstracts: CALL RATES CLOSE AT 15-25% LEVELS. GLOBAL TRUST BANK
• Abstracts: SIPTECH TO ADD STAFF, TRIPLE JAVA TECHNOLOGY PROJECT CAPACITY

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.