- Weather
-
|
|
|
|
Max |
: |
40°C |
|
Min |
: |
30°C |
|
Sunrise |
: |
05 : 30 AM |
|
Sunset |
: |
06 : 54PM |
|
Humidity |
: |
50 to 80 per cent |
|
|
- Prayer Time
-
|
Fajar |
: |
03:53 am |
|
Dhuhr |
: |
12:13 pm |
|
Asar |
: |
03:31 pm |
|
Magrib |
: |
07:01 pm |
|
Isha |
: |
08:23 pm |
- Oil Price
-
- Gold Price
-
Price in RO
|
|
24ct / gm |
: |
17.46 |
|
22ct / gm |
: |
17.05 |
- Currency Rates
-
Forex Rates vs R01
|
|
US Dollar |
: |
2.58 |
|
Euro |
: |
1.94 |
|
Pound |
: |
1.66 |
|
Indian Rs. |
: |
N/A |
|
Pak Rs. |
: |
256.18 |
|
Bangla Taka |
: |
201.27 |
|
|
|
|
|
|
|
Mumbai: India's rupee gained, erasing early losses, on optimism foreigners will boost purchases of the nation's stocks after a private report showed service industries expanded at the fastest pace in a year in January. The rupee advanced 0.3 per cent to 53.1350 per dollar in Mumbai, reversing a 0.2 per cent drop, according to data.
One-month implied volatility, a gauge of expected moves in the exchange rate used to price options, fell 20 basis points, or 0.20 percentage point, to 9.55 per cent. The purchasing managers' index rose to 57.5 from 55.6 in December, HSBC and Markit Economics said in a statement yesterday. A number above 50 indicates growth. Services account for about 57 per cent of gross domestic product, Finance Ministry data shows. The currency also rebounded as European stocks rallied.
"In the first quarter, forces are nicely aligned for the rupee to strengthen," said Hitendra Dave, Mumbai-based head of global markets, at HSBC. Three-month onshore rupee forwards traded at 54.13 per dollar, compared with 54.22 on Monday, according to data. Offshore non-deliverable contracts were at 53.97 versus 54.05. Forwards are agreements to buy or sell assets at a set price and date. Non-deliverable contracts are settled in dollars.
The rupee improved further slightly against the pound sterling to 83.76 from Monday's close of 83.79 and also remained firm against the euro to 72.03 from 72.26. It hardened further against the Japanese yen to 57.06 per 100 yen.
|
|
|
|
|
|
|