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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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15:10 BoE's Greene speech 2
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04:15 Manufacturing Sales 1 1.1%
19:30 Wholesale Inventories 1 0% 0%
21:00 3-Month Bill Auction 1 4.25%
21:00 6-Month Bill Auction 1 4.15%
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