Business   

Rupee strengthens further

MUMBAI AUG. 5. The rupee crept up further against the U.S. currency today, as healthy weekend dollar supplies ensured a firm trend even as trading remained quiet at the interbank foreign exchange market.

Closing at 48.6400/6450 a dollar, another paisa gain from last Friday's finish of 48.6500/6550, the rupee was confined to a tight band of 48.6350 and 48.6500 in muted business, dealers said. The Indian unit opened on a firm footing at 48.63/65, supported by dollar supplies accumulated over the weekend. — 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

• Microsoft to reveal Windows code
• Telco, Leyland boost sales
• Panel favours issuance of multi-purpose e-money by banks
• India has no plans to join WTO procurement pact
• Equities rally on monsoon revival
• Parent's offer for Kodak India's stake
• NIIT to expand training offerings
• Sterlite Optical revokes dividend decision
• ICICI Bank offers investment advisory services
• Plantronics launches India operations
• Diebold joins hands with Tata Infotech
• Hyundai July sales up
• Aerostar's plans
• Himson shuttleless looms for jute industry
• Rupee strengthens further
• Slump in U.S. stocks
• Exchange rates
• Stock Market Index
• Bullion rates

Copyright © 2002, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu