rupee forced itself back to 46.36 per dollar firmer
than its Saturday closing at 46.40 levels. The weakening
of the dollar globally reflected in the rupee also aided
by RBI support to our currency.
major currencies are experiencing a retracement of the
dollar gains of Saturday more owing to technical reasons
and the national banks boosting their respective currencies,
the yen has risen from 111.50 levels to 110.50 per USD
today, the pound sterling from 1.8220 levels to 1.8315
and euro from 1.2020 to 1.2090 in today's trade.
releases through the week will determine movements of
the currencies after this necessary correction of today.