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    YouR De$i RaPPeR www.desirulez.net
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    Default Rupee falls by 8 paise

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    Rupee today slightly declined by eight paise to settle at 46.62 against the dollar on good demand for the greenback by bankers, traders at the interbank foreign exchange (forex) said here on the first day of 2010.



    The local currency resumed weaker by six paise to 46.60 a dollar and fluctuated in a narrow range of 46.58 and 46.62 in intra-day trade in absence of any triggers, with most world markets shut for the New Year.

    Six month forward dollar premium was recorded low at 3.05/06 per cent (3.07/09) and one year annualised dollar premium also ended lower at 2.82/84 per cent (2.86/87).

    The Indian unit, quoted against global currencies like Euro ended at 67.10/12 (67.06/08 ) per unit, Pound Sterling closed at 75.50/52 (75.36/38) per unit and Yen touched at 50.42/44 (50.38/40) per 100 units, dealers added.


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