RUPEE: EDGES HIGHER
DATE: 15/06/2012
The Indian rupee edged higher at
commencement on Friday, June 15, 2012 tracking positive Asian shares and the
euro that held most of the previous session's gains, as nervous investors took
comfort from plans for coordinated action by major central banks to stabilize
markets if Sunday's election in Greece results in turmoil. The domestic
currency opened up by 13 paise at Rs. 55.68 to a dollar and inched up to a high
of 55.66 and a low of 55.73 so far during the day. A positive opening to the
domestic equities also aided gains in the local currency. In the spot currency
market, the Indian unit was last seen trading at 55.71, up around 10 paise or
0.18% as compared to previous close at 55.81.
The euro held firm against the U.S. dollar on Friday, reflecting hopes of central bank action to counter potential fallout from Sunday's crucial election in Greece, and after disappointing U.S. economic data. The euro traded at $1.2628, maintaining Thursday's 0.6 percent gains and was last seen quoting at 1.2644. The dollar parked near its lowest level in three weeks against a basket of currencies, with the dollar index standing at 81.81.
Key benchmark indices edged higher in early trade on firm Asian stocks. Asian stocks gained on Friday, 15 June 2012, on reports that major central banks around the world are considering bolstering liquidity support in the event that the Greek election goes badly this weekend. Foreign institutional investors (FIIs) bought Indian shares worth a net Rs 105.08 crore on Thursday, 14 June 2012, as per provisional figures from the stock exchange. At the time of writing, the BSE Sensex was up 95.52 points or 0.57% to 16,773.40 while the S&P CNX Nifty was up 39.45 points or 0.78% to 5,094.20.
In the domestic currency futures market on the NSE, the front month '27 JUN 12' contract opened at 55.72 on Friday, June 15, 2012, higher than the spot market rupee. The contract hit an intraday high at 55.78 and registered a low at around 55.67 so far during the day. At the time of writing, the NSE June 2012 USD/INR contract was trading at around 55.71, lower by around 14 paise or 0.25% as compared to previous close at 55.84.
The euro held firm against the U.S. dollar on Friday, reflecting hopes of central bank action to counter potential fallout from Sunday's crucial election in Greece, and after disappointing U.S. economic data. The euro traded at $1.2628, maintaining Thursday's 0.6 percent gains and was last seen quoting at 1.2644. The dollar parked near its lowest level in three weeks against a basket of currencies, with the dollar index standing at 81.81.
Key benchmark indices edged higher in early trade on firm Asian stocks. Asian stocks gained on Friday, 15 June 2012, on reports that major central banks around the world are considering bolstering liquidity support in the event that the Greek election goes badly this weekend. Foreign institutional investors (FIIs) bought Indian shares worth a net Rs 105.08 crore on Thursday, 14 June 2012, as per provisional figures from the stock exchange. At the time of writing, the BSE Sensex was up 95.52 points or 0.57% to 16,773.40 while the S&P CNX Nifty was up 39.45 points or 0.78% to 5,094.20.
In the domestic currency futures market on the NSE, the front month '27 JUN 12' contract opened at 55.72 on Friday, June 15, 2012, higher than the spot market rupee. The contract hit an intraday high at 55.78 and registered a low at around 55.67 so far during the day. At the time of writing, the NSE June 2012 USD/INR contract was trading at around 55.71, lower by around 14 paise or 0.25% as compared to previous close at 55.84.
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RBI
REF RATE
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||||
|
Date
|
USD
|
GBP
|
EURO
|
YEN
|
|
14-JUN-12
|
55.79
|
86.37
|
70.07
|
70.29
|
|
%
Change*
|
0.10
|
0.58
|
-0.27
|
-0.24
|
|
*As
against previous working day
|
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