sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Forex »
 Perils of an ad hoc forex policy
 Rupee depreciated by 17 paise to Rs 45.62 a dollar in early trade
 Rupee strengthened by 7 paise against dollar
 Rupee up by 4 paise against dollar in early trade
 Rupee falls by 18 paise at 4-week low against dollar
 Rupee drops on weak shares; inflation eyed
 Rupee raises 6 paise against dollar in early trade
 Rupee among most traded in futures market
 Indian rupee gain 12 paise against US dollar
 Rupee marginally rise up by 1 paise against US dollar
 Rupee drops tracking euro, choppy shares

Rupee up by 7 paise vs US dollar in early trade
December, 27th 2010

The Indian rupee was up 7 paise at Rs 45.05 per US dollar in early trade on Monday on sustained selling of the American currency by banks and corporates amid firm domestic equity markets.

In active trade at the Interbank Foreign Exchange, the rupee opened slightly higher at 45.08/10 per dollar as against last Friday's closing level of 45.12/13 per dollar. It fell to 45.20 during the course of morning deals, but regained some of the last ground to a high of 45.05 per dollar.

Persistent dollar-selling by exporters and some banks in light of a firm trend in the domestic equity market mainly assisted the rupee's rise, a forex dealer said.

The Indian benchmark Sensex was up 87 points, or 0.43 per cent, in early trade today.

Meanwhile, the Australian dollar plummeted today today after China's central bank raised borrowing and lending rates yesterday and some analysts say expectations of more tightening by China could prompt investors to sell more Australian dollars after the year-end holidays.

Meanwhile, oil prices were hovering above USD 91 a barrel in Asia today after some OPEC ministers signalled that the group does not plan to boost output to cool the recent jump in crude prices.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Custom Software Development Outsourcing Custom Software Development Offshore Cus

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions