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Rupee extends gains tracking local shares

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Press Trust of India Mumbai
Last Updated : Jan 25 2013 | 2:53 AM IST

The rupee extended gains in afternoon trade on Monday as dollar inflows on the back of strong local shares, as well as firm Asian peers, supported the local unit.

* At 1:37 pm, the partially convertible rupee was at 45.4325/4400 per dollar, stronger than 45.68/69 at Friday's close.

* Indian shares were trading up 2.2%, with financials and engineering conglomerate Larsen & Toubro leading the rise while strong Asian markets also underpinned sentiment.

* The index of the dollar against six major currencies was down 0.12% at 78.371 points. Almost all Asian currencies rose on the dollar.

* One-month offshore non-deliverable forward contracts were quoted at 45.66, weaker than the onshore spot rate.

* In the currency futures market, the most traded near-month dollar-rupee contracts on the National Stock Exchange, the MCX-SX and the United Stock Exchange were at 45.5325, 45.5325 and 45.5350 respectively.

Total traded volume was at about $2.9 billion.

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First Published: Feb 14 2011 | 10:30 AM IST

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