Swastika Investmart Limited

A flat opening marked beginning in the Indian currency market on
Thursday, as downside due to dollar health was offset by a hope of an
upper opening in the domestic stocks. Rupee closed poorer at
63.82/dollar on Wednesday versus its end of 63.67 on Tuesday, following
failures in most other Asian currencies but increases in the local stock
market barred a further sharp drop. The positive back was seen close to
a 2-week climax against a tub of main currencies early on today, after
closely viewed minutes from the Federal Reserve's April meeting
contained no main shocks.