Press Esc to close
Saturday 02 August 2014
News updated at 3:33 AM IST
Weather
Max: 0°C
Min : 0°C
In Bangalore
Sunny day

Rupee ends unchanged at 61.79 against dollar

Mumbai, Oct 8, 2013 (PTI):

The rupee ended unchanged at 61.79 against the dollar today on alternate bouts of demand and supply amid surprise steps by the RBI to increase liquidity.

The Reserve Bank of India yesterday reduced the marginal standing facility (MSF) rate, at which it lends emergency funds to banks, by 50 basis points to 9 per cent per cent to improve liquidity conditions in the banking system.

Dollar demand from importers matched supply from exporters, resulting in the rupee ending stable.

At the interbank foreign exchange market, the local currency resumed higher at 61.68 a dollar from the previous close of 61.79 and moved in a range of 61.60 to 61.91 before settling at the overnight closing level.


The 30-share benchmark Sensex pared initial gains and closed 88.51 points or 0.44 per cent higher. Overseas funds bought a net Rs 494.13 crore of shares yesterday, according to provisional data with the stock exchanges.

The dollar index was up by 0.07 per cent against a basket of six major global currencies.
"Despite yesterday's announcement regarding cut in the MSF, rupee was not seen gaining today," said Abhishek Goenka, CEO of India Forex Advisors. "The overall international markets were also seen trading flat."

Forward dollar premiums reacted sharply downward on fresh receipts by exporters.
The benchmark six-month forward dollar premium payable in March dipped to 237-242 paise from overnight closing levels of 248-253 paise and far-forward contracts maturing in September dropped to 443-1/2-448-1/2 paise from 462-465 paise.

The RBI fixed the reference rate for the dollar at 61.6885 and for the euro at 83.6875.
The rupee eased further to 99.43 against the pound from yesterday's close of 99.36 and also closed a tad lower at 83.90 per euro from 83.89.

It recovered slightly against the Japanese yen to 63.65 per 100 yen from 63.77.

Go to Top

Photo Gallery
Ashish Kumar of India performs during the men's individual floor exercise final in the artistic...

Ashish Kumar of India performs during the men's individual floor exercise final in the artistic...

Rebecca Downie of England performs during the women's gymnastics uneven bars apparatus final at...

Rebecca Downie of England performs during the women's gymnastics uneven bars apparatus final at...

A jumper raises sand during the women's long jump final at Hampden Park Stadium during the...

A jumper raises sand during the women's long jump final at Hampden Park Stadium during the...

Roseline Filion of Canada competes in the women's 10m Platform final at the 2014 Commonwealth...

Roseline Filion of Canada competes in the women's 10m Platform final at the 2014 Commonwealth...

Rasheed Dwyer, centre of Jamaica, leads home a Jamaica 1, 2, 3, with Warren Weir, right, who...

Rasheed Dwyer, centre of Jamaica, leads home a Jamaica 1, 2, 3, with Warren Weir, right, who...

England's David Weir wins the men's para-sport 1500m T54 finals in the athletics competition at...

England's David Weir wins the men's para-sport 1500m T54 finals in the athletics competition at...

Botswana's Nijel Amos wins the men's 800m final in the athletics competition at Hampden Park...

Botswana's Nijel Amos wins the men's 800m final in the athletics competition at Hampden Park...

Indian wrestlers (L-R) Pawan Kumar, Sushil Kumar, Geetika and Yogeshwar Dutt medals at the...

Indian wrestlers (L-R) Pawan Kumar, Sushil Kumar, Geetika and Yogeshwar Dutt medals at the...

India's Pawan Kumar celebrates after winning a bronze medal against Pakistan's Muhammad Inam...

India's Pawan Kumar celebrates after winning a bronze medal against Pakistan's Muhammad Inam...

India's Vikas Shive Gowda poses with his gold medal after the medal ceremony of men's discus...

India's Vikas Shive Gowda poses with his gold medal after the medal ceremony of men's discus...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523