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Wednesday, March 5, 2008

Rupee appreciates against US dollar

The rupee appreciated further by 10 paise to 40.21/22 against the US currency in morning trade on Wednesday largely due to some dollar sales by exporters and weakness in American currency overseas.

The local currency resumed lower at 40.33/35 a dollar but later surged to 40.21/22 a dollar from its previous close of 40.31/32 a dollar.

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GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Apr 08
23:30 Fed's Daly speech 2
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Wednesday, Apr 09
02:00 API Weekly Crude Oil Stock 1 -1.057M 6.037M
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15:00 FPC Meeting Minutes 1
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19:30 Wholesale Inventories 1 0.3% 0.3%
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