Daily News from Bse,Nse Stock Markets of India |IPO Information
October 29th, 2007 — Forex
Rupee closed today at a all time high of Rs 39.27 against the US Dollar. Rupee previously closed at Rs 39.27 against the Dollar.
Rupee’s price was the highest since June 1998, the previous high being breached today marked by the high inflows in to the capital markets.
October 27th, 2007 — Forex
Rupee ended stronger against the US Dollar and the UK Pound Sterling, Rupee closed at Rs 39.445 against the US Dollar and the Rs 80.82 againss the Sterling Pound.
India Rupee recouped against the sterling to end at Rs 80.82 per pound from previous close of Rs 81.12, while the Rupee declined further against the European currency to Rs 56.64 from previous close of Rs 56.57 per euro.
October 19th, 2007 — Forex
Indian Rupee ended the day at 39.75 levels, 20 paise lower than the previous close of 39.55 levels on Wednesday.The downside on the Rupee was due the extreme volatility present in the forex markets along with the 717 point dip on the BSE Sensex.
The Rupee ovened today stronger at Rs 39.45 levels and rise up to 39.60 during the day. But the Rupee was not able to maintain its early gains because of the huge crash in the Sensex and the local currency at one point slip to 39.88 levels. Rupee depreciated by 1% in the past two days against the Dollar this is mainly becauses the concerns of capital outflow, along with the stock markets falling.
October 11th, 2007 — Forex
Indian Rupee yet again closed up at Rs 39.28 against US Dollar which is a new 9 year high on Thursday. Rupee Closed yesterday at Rs 39.31 .
Rupee appreciation is clearly based on the capital inflows into the Indian equity markets where the stock markets are reaching a fresh highs day after day.
The commerce ministry has under taken a survey regarding the impact of Rupee appreciation on Indian exports and local industries.
October 10th, 2007 — Forex
Rupee today closed at new 9-1/2 year high of Rs 39.31 against the US Dollar, dearer by 13 paise from previous close of Rs 39.44 on consistent inflows into equity markets.
There was no support for the Dollar in the Indian markets with no banks and Oil Companies coming to rescue in Dollar purchases.
October 4th, 2007 — Forex
Rupee on Thursday ended at a new nine and half year high of Rs 39.49 against the Dollar, on the back of inflows into the markets and in the absence of any major dollar demand.
Rupee Closed stronger by 8.50 paise from previous close of 39.5750/5850 today.
September 27th, 2007 — Forex
Rupee touched a nine-year high of Rs 39.62 today on positive Asian cues , the partially convertible rupee opened today at a high of Rs 39.62, its strongest since April 1998 and later eased of to trade at Rs 39.66 vs Dollar.
Trade Analysts believe that the mood is bullish and further Rupee appreciation against the Dollar is expected but also raised concerns over the recent markets rally which has been too fast.
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