Tue, Jul 22 08:48 PM
Mumbai, Jul 22 (PTI) Snapping its four-day winning streak, the Indian rupee today closed lower at 42.73/74 against the greenback amid continuing surge in stock markets and dollar selling by exporters. At the Interbank Foreign Exchange (Forex) market, the Indian unit opened slightly lower at 42.70/72 and moved in a wide range of 42.85 and 42.57 per dollar before closing at 42.73/74.
The rupee premiums on forward dollar ended slightly lower following fresh receiving by exporters. The benchmark six-month forward dollar premium payable in December ended at 100-1/2 - 102-1/2 paise, down from 102 - 104 paise on Monday and the far-forward maturing in June also closed lower at 175-1/2 - 177-1/2 paise from 178 - 180 paise previously.
Meanwhile, the benchmark Sensex on the Bombay Stock Exchange closed higher up by 254 points today. The Reserve Bank of India fixed the reference rate for the American dollar at Rs 42.71 and for the Single European currency at Rs 68.02.
In cross currency trades, the domestic unit reacted downwards against the British Sterling and the Japanese yen while declined further against the Euro. The domestic unit fell back against the pound Sterling to end the day at Rs 85.74/76 per pound from yesterday's close of Rs 85.20/22 per pound while it dropped further against the single european currency to Rs 68.08/10 from last close of of Rs 67.71/73 per euro.
It also weakened against the Japanese Yen to Rs 40.23/25 per 100 yen from previous close of Rs 39.91/93 per 100 yen. PTI.
If you are young, have a hectic social life where you drink and party, and have applied for a job, chances are you will lose out to someone who is a teetotaler.
| Copyright © Yahoo Web Services India Pvt Ltd. All rights reserved. Questions or Comments Privacy Policy -Terms of Service - Copyright Notice |
