Rupee ends steady at 39.30/31 per USD

Mumbai, Nov 6 (UNI) The Rupee ended steady at 39.30/31 per dollar on suspected intervention by the Reserve Bank.

The partially convertible Indian currency started firm at 39.28/29 per dollar in a fairly active inter bank foreign exchange market. It traded in a range of 39.25 and 39.32 per dollar, before closing flat in late trade, dealers said.

The six-month forward premium closed at 1.52 (1.38) per cent, while annualised premium ended at 1.20 (1.09) per cent.

Meanwhile, the Reserve Bank of India (RBI) today fixed the reference rate at Rs 39.29 per US Dollar. The reference rate was up by three paise as compared to yesterday's rate of Rs 39.32 per USD, The Rupee traded weaker against other major world currencies today. The Indian unit ended stronger at 57.09/10 (56.85/86) against the Euro. Against Pound Sterling, rupee closed weak at 81.89/90 (81.80) per unit. While, against the Japanese Yen, the Rupee ended at 34.29/30 (34.42) per hundred units.

UNI