Thursday, June 4, 2009

Rupee ends weak by 13 paise at 47.20 per USD

The Rupee depreciated by 13 paise for the third consecutive day today to 47.20 against the US dollar on sustained buying by exporters and others.

In the opening trade, the rupee fell by 19 paise to 47.26 from its previous close of 47.07. It registered the high and low at 47.35 and 47.06 per USD respectively.

The partially-convertible rupee was weak for the third day today as intervention helped traders decide to take profits on a strong rally since mid-May, but the outlook was bullish on signs of improving activity and rising inflows, a leading dealer said.

The Reserve Bank of India (RBI) today fixed the reference rate at Rs 47.16 per US dollar, up by 32 paise, against its yesterday's rate of Rs 46.84 per USD.

The Euro too rose by seven paise to Rs 66.97 per unit from its previous rate of Rs 66.90 per unit, an RBI release said.

The exchange rates for Sterling Pound and Japanese Yen were quoted at Rs 76.8048 (Rs 77.7614) per Pound and Rs 49.04 (Rs 48.81) per 100 units of Yen, the release added.

Meanwhile, the six-month and annualised forward dollar premium were at 2.81 (3.00) per cent and 2.39 (2.53) per unit respectively.

The rupee fell today as Euro was quoted at 66.62/63 (66.75/77) per unit, Pound at 76.53/55 (77.68/70), while Japanese Yen closed at 48.81/83 (49.05/07) per unit.

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