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Rupee moves in a narrow range, steady Rs 43.36/37 for the second day

• Rs 43.37 vs $
• Rs 44.77 vs euro
• Rs 68.33 vs pound
• Rs 35.89 vs yen (100)

The Indian unit remained rock-steady against the US dollar on the second consecutive day in dull trading at the interbank foreign exchange market in Bombay today.

The Indian rupee opend at Rs 43.3550/3650 and moved in the very little range till noon on slack dollar demand by corporates and banks.

Rupee ended stable at Rs 43.3625/37 against the previous close of Rs 43.36/37. In view of the Reserve Bank of India's half yearly closing, the major banks and corporates stayed away from the market.

There was no cash/spot, cash/tomorrow. The interbank call money market also remained closed today on account of the RBI half yearly closing, a leading dealer said and added that the market was very dull, and nominal activity was witnessed so far.

The six-month and annual annualised premium ended at 5.28 per cent 6.18 per cent respectively.

The Reserve Bank of India has maintained the reference rate at Rs 43.36 per us dollar.

Rupee declined against the euro and Japanese yen while it edged up againt pound sterling. Euro ended at Rs 44.77 (44.95), Japanese yen finished at Rs 35.89 (35.85) and pound sterling closed at Rs 68.33 (68.63).

UNI

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