4 december 2004

rise in rupee abates as securities rule steady
mumbai: a rise in the us currency forced a pause in the rupee's upward movement after six consecutive sessions. the rupee ended at 44.12/14 per dollar, marginally lower than previous close at 44.11/12 against the greenback.

forwards market: the six-month annualised premia climbed to 1.58 per cent (1.07 per cent) while the twelve-month forward finished at 1.15 per cent (0.84 per cent).

g-secs: the benchmark 7.38 per cent 2015 paper closed at rs104.60, with the yield on the paper ending higher at 6.77 per cent. actively traded 7.55 per cent 2010 paper closed at rs105.10.

call rates: in the inter-bank market were in a range of 4.50-4.80 per cent, but softened to 3-3.50 per cent towards the day's end.