Rupee closes higher at 44.32/33 per US dollar

Saturday, March 17, 2007, 19:55 [IST]

Mumbai, Mar 8 (UNI) The rupee today climbed higher by 17 paise to close at 44.32/33 per US dollar as compared to its previous close of 44.49/50 per USD, following a bull-run on the domestic stocks.

However, market participants believe that the Reserve Bank of India (RBI) might have intervened to curb the gains.

Forward premia rose in the session as importers purchased forwards at lower levels. Six-month and 12-month forward premia closed at 3.17 per cent and 3.03 per cent respectively.

Earlier in the day, the RBI had fixed the reference rate at Rs 44.44 per USD, up by six paise from its yesterday's rate of Rs 44.50 per USD.

Besides, the domestic unit displayed an encouraging higher trend against major world currencies. Against the Euro it closed high at 58.21/23 (58.35/36), while Pound finished at 85.64/66 (85.73/74) per unit each and Yen was quoted at 37.81/83 (38.15/16) per 100 units, brokers added.

UNI

Topics: MAREKTS-FOREX-INTRO

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50 per cent polling in MP byelection

Saturday, March 17, 2007,19:55 [IST]

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Saturday, March 17, 2007,19:56 [IST]

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Naxal youth killed in blast under bridge

Saturday, March 17, 2007,19:56 [IST]

Sidhi, MP , Mar 8 (UNI) A suspected naxal was killed at about 1515 hrs today when explosives he was carrying exploded under a crude bridge near Churhat in this district while polling was underway for Lok Sabha byelection, the police said. ''A portion of the hitherto-unidentified body of a youth, about 20 years old, was found entangled in a pipeline below the bridge on the Churhat Dariya-Teekat road, roughly 35 km from this district town. The rest of the corpse.....

Additional security deployed in Udaypura

Saturday, March 17, 2007,19:56 [IST]

Raisen, MP, Mar 8 (UNI) Amid tight security arrangements, about 20 per cent of the 1.67 lakh electorate turned out to exercise their franchise in the first four hours for the assembly by-poll today in Udaypura constituency. Barring stray incidents, polling was by and large peaceful. At Marhia Naka polling centre, BJP leader Pappu Tiwari's attempt to disrupt peace was foiled. The Collector and senior officers reached the spot, official sources said. Despite claims that borders had been sealed, vehicles of.....

About 50 pc polling in peaceful MP byelection

Saturday, March 17, 2007,19:56 [IST]

Bhopal, Mar 8 (UNI) About 50 per cent polling was recorded today for the byelection in Gwalior (42 per cent) and Sidhi (ST) (50 per cent) Lok Sabha constituencies and Udaypura (52 per cent) Assembly seat in Madhya Pradesh. Amidst tight security, polling began at 0730 hrs and concluded at 1630 hrs -- the key contest is between the ruling Bharatiya Janata Party (BJP) and main opposition Congress. With the exception of stray incidents, polling was peaceful. A suspected naxal was.....