Rupee ends higher at 39.55/56 against per USD

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Mumbai, Oct 25 (UNI) The Rupee today ended higher at 39.55/56 per US Dollar as compared to its previous close of 39.58/59, on fresh dollar demand from local dealers coupled with increase in capital inflows as investors mulled over outcome of the stock regulator's move to tighten rules for unregistered foreigners.

Rupee opened lower at 39.50/51 per dollar. Later, it recorded a high and a low at Rs 39.42 and 39.60 respectively during the session.

The six-month forward premium closed low at 0.94 (1.04) per cent, while annualised premium also ended low at 0.85 (0.99) per cent.

The Reserve Bank of India (RBI) today fixed the reference rate at Rs 39.54 per US Dollar. The rate was up by three paise as compared to yesterday's rate of Rs 39.57 per USD, an RBI spokesman said.

The rupee was firm against other major world currencies today.

The domestic unit against Euro ended firm at 56.29 (56.09) per unit.

Against Pound Sterling, it closed high at 80.68 (80.64) per unit, while against Japanese Yen, the rupee was low at 34.38 (34.48) per hundred units.

UNI

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