Rupee ends at nearly 4-mth low Vs dollar, down 19 paise

Image
Press Trust of India Mumbai
Last Updated : Jan 20 2013 | 3:24 AM IST

Firm dollar overseas also weighed on the rupee while rally in local equities capped the fall to some extent, a dealer said.

At the Interbank Foreign Exchange (Forex) market, the domestic unit opened higher at 52.45/46 a dollar from last weekend's close of 52.54/55 and immediately touched a high of 52.43 on firm local stocks.

However, month-end dollar demand from importers, mainly oil refiners, put pressure on the rupee and it fell back to a low of 52.75.

It closed at 52.73/74, a fall of 0.36 per cent. Previously, it had settled at 52.98/99 on January 5, 2012.

Foreign Institutional Investors (FIIs) pulled out a total USD 377.36 mln in first five days of the last week.

FIIs invested a total Rs 479.53 crore in equities today, as per provisional BSE data.

The dollar index was up by over 0.15 per cent against a basket of currencies, recovering after fall on last Friday on softer-than-expected gross domestic product data.

  

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 30 2012 | 6:05 PM IST

Next Story