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Rupee little changed; shares, dollar moves crucial

Rupee little changed; shares, dollar moves crucial
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First Published: Tue, Feb 15 2011. 02 33 PM IST
Updated: Tue, Feb 15 2011. 02 33 PM IST
Mumbai: The rupee was largely steady in afternoon session on Tuesday after seesawing earlier in the day tracking the dollar’s movements versus major currencies and the domestic sharemarket.
At 2:29pm, the partially convertible rupee was at Rs 45.48/49 per dollar, little changed from its close of 45.49/50 on Monday. It has so far moved in a wide band of 45.3925-45.5425.
The index of the dollar against six major currencies was down 0.14% at 78.499 points after having been up as much earlier in the session. Asian currencies were mixed compared with the dollar.
After two days of gains, Indian shares flip-flopped, tracking mixed global cues.
One-month offshore non-deliverable forward contracts were quoted at Rs 45.72, weaker than the onshore spot rate.
In the currency futures market, the most traded near-month dollar-rupee contracts on the National Stock Exchange, the MCX-SX and the United Stock Exchange were all at 45.5700, with the total traded volume at about $3.9 billion.
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First Published: Tue, Feb 15 2011. 02 33 PM IST