Surrenders early gains, still trading with a gain of 12 paise
The one-month offshore non-deliverable forward contracts were at 56.07 whil the three-month was 56.82
Rational exuberance
Rupee falls further on persistent demand for dollar from banks as it firms against other currencies
Reports of official preparations for a Greek exit also keep investors nervous
In the Mercer 'Worldwide Cost of Living Survey 2012', New Delhi has slipped to 113th position vs 85 year ago. while Mumbai is at 114th place vs 95
The rupee had fallen to as low as 56.08 to the dollar, marking its lowest since June 1
Fails to maintain initial gains on fresh demand for dollar from banks, & its firming in overseas market
The rupee has been in a consolidation phase since it hit a record low of 56.52 to the dollar
Recovers initial loss due to uneven demand and supply of dollar from banks & corporates
A higher opening in the local equity market has supported the rupee
Euro hovering below three-week highs
Closes at 55.39/40 per dollars, much stronger than its Thursday close of 55.80/81
Dollar selling by exporters & banks, amid higher opening in domestic equity market has supported the rupee
Fails to maintain initial gains on fresh demand for dollar from banks
Sharp falls in domestic stocks after RBI disappointed by leaving interest rates unchanged