Business   

Rupee posts further gains

MUMBAI FEB. 19. The rupee ended higher against the U.S. currency today, extending a three-session rally on the back of sustained healthy trading and corporate inflows in generally quiet but cautious trading at the interbank foreign exchange market. Closing at 47.6950/7000 a dollar, the rupee gained by yet another 1-1/2 paise from Tuesday's finish of 47.7100/7150 after trading in a tight two paise range of 47.69 and 47.71 in muted business.

It opened on a firm note at 47.6925/7025. The rupee spurted by over 18 paise in the last three sessions, driven-up by robust trade inflows and receding of war fears. Despite a fresh rise in global crude oil prices due to geo-political uncertainties, the rupee continued to post gains on persistent heavy flow of dollars from exporters and non-resident Indian remittances, a dealer said. — PTI

Printer friendly page  
Send this article to Friends by E-Mail

Business

News: Front Page | National | Southern States | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary |

Stories in this Section

• Pension reforms, new norms for health insurance shortly
• States to tap market for Rs. 14,151 cr.
• Bank shares in limelight
• Rupee posts further gains
• SEBI report on Grasim, L&T soon — Bajpai
• Govt. borrowing should be put to good use — Chamber
• Shoppers' Stop plans IPO to allow exit route for VCs
• Jet Airways extends scheme
• Narayana Murthy to lead CII team to Germany
• Hero Motors to launch step-through variants
• VSNL's new initiatives
• Tea exports to Iraq may suffer setback
• Allen-Bradley completes 100 years
• Stock Market Index
• Bullion rates
• Exchange rates
• Syndicate Bank cuts home loan rates
• Tatas contract for Motorola
• Central Bank's any branch banking

Copyright © 2003, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu