Friday, October 12, 2007
Liquidity in the currency market slightly came down with a steady flow of Rs 14,500 crore during Dutch auction of capital bills and dated securities. The purpose of these Dutch auction was to suck out overload liquidity.
The spot rupee remained range bound within the 39.31/32 range by opening and closing in the region of these levels. A massive forex inflow into the fair play market was counter by the involvement of the central bank which sustained purchase dollars from the market. The fair play market enthused up and closed 155 points up.
The six-month with one-year ahead be accessible at an annualized quality of 1.7 per cent and 1.30 per cent, correspondingly.
Refer : http://www.business-standard.com
The spot rupee remained range bound within the 39.31/32 range by opening and closing in the region of these levels. A massive forex inflow into the fair play market was counter by the involvement of the central bank which sustained purchase dollars from the market. The fair play market enthused up and closed 155 points up.
The six-month with one-year ahead be accessible at an annualized quality of 1.7 per cent and 1.30 per cent, correspondingly.
Refer : http://www.business-standard.com
posted by stifxonline
@ 4:24 AM
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