Rupee firms; o/n rates flat

View previous topic View next topic Go down

GMT - 3 Hours Rupee firms; o/n rates flat

Post by ĽĭÓń ĤéĂѓŦ on Fri Oct 07, 2011 5:43 pm

[You must be registered and logged in to see this image.]

KARACHI: In the currency market, on Thursday, the rupee firmed to 87.18/22 to the dollar compared with Tuesday's close of 87.20/25 amid lack of import payments.
The rupee hit a record low of 87.92 to the dollar last month.

A decision by the government not to seek a new International Monetary Fund loan and speculation of a rate cut would likely add to the pressure on the rupee.

In the money market, overnight rates were flat at the top end of 13.40 percent, unchanged from the previous day's close amid tight liquidity in the interbank market.

Dealers said there were scheduled outflows of 294 billion rupees ($3.37 billion) due on Friday. (Reuters)
ĽĭÓń ĤéĂѓŦ

Capricorn Rooster
Posts : 492
Join date : 2011-02-15
Age : 36
--Mood-- : Worried

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

Permissions in this forum:
You cannot reply to topics in this forum