Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: VAT RATES :: ACCOUNTING STANDARD :: VAT Audit :: due date for vat payment :: articles on VAT and GST in India :: TDS :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd
 
 
« Forex »
 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
 Against dollar in 2010, Rupee fails to match Asian peers’ surge
 Rupee at over 1-week low tracking euro, shares
 Rupee weakens tracking dollar rise; shares eyed
 Rupee falls by 4 paise in early trade
 
 

Rupee at over 1-week low tracking euro, shares
January, 05th 2011

The Indian rupee dropped to its lowest level in more than a week on Wednesday as the dollar climbed broadly against major currencies and Asian peers, while a shaky shares added to the downbeat mood.

At 10:22 a.m. (0452 GMT), the partially convertible rupee was at 45.20/21 per dollar, after hitting 45.26, its weakest since Dec. 27 and 0.5 percent below its close of 44.98/99 on Tuesday.

"The euro has come down from a high of $1.3433 to $1.3270, so the rupee too has weakened in line. For today, one must watch euro and stocks and see whether exporters are entering at 45.25-30 levels," said A. Ajith Kumar, a senior foreign exchange dealer with Federal Bank .

The dollar was supported by further evidence that U.S. economic recovery is becoming self-sustained, while a correction in high-flying commodity prices pressured the Australian dollar.

The index of the dollar against six major currencies was up 0.13 percent at 79.550 points. Most Asian currencies too were weaker.

Indian shares were trading down 0.5 percent, with financials leading the decline, taking cues from weak Asian markets.

The rupee had strengthened 4.1 percent in 2010, helped in part by record $29.3 billion foreign portfolio investments in equities.

One-month offshore non-deliverable forward contracts were quoted at 45.44, weaker than the onshore spot rate.

In the currency futures market, the most traded near-month dollar-rupee contracts on the National Stock Exchange and MCX-SX were both at 45.3850, with the total traded volume on the two exchanges at $1.5 billion.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

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