02 August 2004
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.
All 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.