MUMBAI: The Indian rupee reversed early losses in afternoon session on Friday aided by some dollar inflows from a large pharmaceutical company along with some other corporate dollar sales.
* Traders said despite gains in the equity market, sentiment continued to remain ...bearish and dollar demand from oil firms would continue to prevent any sharp rise in the rupee.
* At 2:40 p.m., the partially convertible rupee was at 45.6675/6700 per dollar, stronger than Thursday's close of 45.725/735.
* Dealers expect the rupee to trade in a range of 45.62-45.82 intra-day.
* Indian shares were up 0.4 percent, rebounding after a three-session decline, but trade was choppy and dealers said gains were unlikely to sustain.
* The dollar touched a one-month high against the yen on Friday after data underscored that the U.S. labour market was on the mend, while the Australian dollar fell after its central bank said interest rates were likely to stay on hold for some time.
* The dollar index, a measure of the greenback's performance against six major currencies, was up 0.33 percent at 78.506 points.
* One-month offshore non-deliverable forwards contracts were at 45.92, weaker than the onshore spot rate.
* In the currency futures market, the most traded near-month dollar-rupee contracts on the National Stock Exchange , MCX-SX and the United Stock Exchange were all at 45.7700. Total volume was $4.16 billion.
* Traders said despite gains in the equity market, sentiment continued to remain ...bearish and dollar demand from oil firms would continue to prevent any sharp rise in the rupee.
* At 2:40 p.m., the partially convertible rupee was at 45.6675/6700 per dollar, stronger than Thursday's close of 45.725/735.
* Dealers expect the rupee to trade in a range of 45.62-45.82 intra-day.
* Indian shares were up 0.4 percent, rebounding after a three-session decline, but trade was choppy and dealers said gains were unlikely to sustain.
* The dollar touched a one-month high against the yen on Friday after data underscored that the U.S. labour market was on the mend, while the Australian dollar fell after its central bank said interest rates were likely to stay on hold for some time.
* The dollar index, a measure of the greenback's performance against six major currencies, was up 0.33 percent at 78.506 points.
* One-month offshore non-deliverable forwards contracts were at 45.92, weaker than the onshore spot rate.
* In the currency futures market, the most traded near-month dollar-rupee contracts on the National Stock Exchange , MCX-SX and the United Stock Exchange were all at 45.7700. Total volume was $4.16 billion.
No comments:
Post a Comment