Rupee Up A Tad (02-Mar-2010)
The rupee increased moderately against the dollar on March 2 due to the rally in the Asian equity indices and the strength of the Asian currencies.
However, the gains in the domestic equity indices also boosted the rupee.
But dollar buying by oil importers capped the gains of the domestic currency.
The rupee opened strong at 45.95 and weakened to touch an intra-day low of 46.09 and ended the day at 46.02 against the previous close of 46.09/10.
Meanwhile, in the overseas markets, the dollar gained against the euro and the sterling but was weak against the Asian currencies.
In the forward market, the six-month forward premium closed higher at 2.78 % (2.67 %) and the one-year ended at 2.69 % (2.61 %).
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