Spot dollar

The rupee continued to hold firm against the dollar on Monday. Opening the day at 43.5150/52 from its Friday8217;s close at 43.50/51, the rupee was seen holding steady in early trades. quot;Trades were dull8230; there is hardly any corporate dollar interest. Most of the trades are inter-bank. The cricket match between India and Pakistan also distracted the marketquot;, a dealer with a brokerage said.

The SBI was seen buying dollars and the rupee fell to an intra-day low of 43.5225, and almost to 43.53, but there were dollar supplies to take care of the State Bank8217;s dollar interestquot;, a dealer with a European bank said. A few exporters were also seen selling dollars as also a few banks unwinding their long-dollar positions built over the weekend. At close, the rupee was seen 43.5150/52. Cash/spot ended at 0.50/0.75 paise 1/1.25 paise, cash/tom at 0.25/0.3750 paise 0.25/0.5 paise with tom/spot also quoting at 0.25/0.3750 paise.

FORECAST: Rupee seen at 43.52 levels on Tuesday.