THE RUPEE: no big change

27 Mar, 2012

Dollar move slightly on the local currency market on Monday in the process of trading. The rupee was marginally down losing two paisa for buying and selling at 90.80 and 90.82, respectively.
The dollar bounced off a 10-day low against yen on Monday, scooped up on the dip by Japan importers after it found support on the charts, although doubts lingered about the greenback's strength after a rally in the US bond yields took a breather. The yen also fell against euro, shedding 0.7 percent to 109.74 and versus the Australian dollar, losing 0.2 percent to 86.50. The euro hovered a whisker away from a three-week high against dollar, last fetching $1.3267, close to Friday's peak of $1.3294.
The Australian dollar, which suffered a steep fall last week, at one point popped up to $1.0493, from $1.0475 late in New York on Friday, with traders noting good buying interest from a Swiss bank. It was last flat at $1.0453, Reuters added.



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Open Buying Rs 91.10
Open Selling Rs 91.30
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Buying Rs.90.80
Selling Rs.90.82
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Pound Sterling opened at Rs 142 (buying) and Rs 142.5 (selling) against the same previous rate. It did not observe further change in the evening session and closed at Rs 142 (buying) and Rs 142.5 (selling).

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