Rupee closes weaker at 39.42/43 per USD

Mumbai, Nov 13: The Rupee today closed weaker by about four paise at 39.42/43 per dollar as compared to previous close of 39.38 on fresh sellings of dollar.

The partially convertible Indian Rupee today started almost flat at 39.37/39 per dollar in fairly active inter bank foreign exchange (Forex) market. It traded in a range bound zone of 39.36 and 39.44 against greenback, before closing weak in the late trade, dealers said.

The six-month forward premium closed low at 1.20 (1.52) per cent, while annualised premium ended at 1.17 (1.15) per cent.

Meanwhile, RBI today fixed the reference rate at Rs 39.39 per US Dollar. The reference rate was down by six paisa as compared to yesterday's rate of Rs 39.33 per USD.

The Rupee traded in a mixed trend against other major world currencies today. The Indian unit ended firm at 57.52 (57.15) against the Euro. Where as against Pound Sterling, the rupee closed weak at 81.56/57 (81.45) per unit. Against the Japanese Yen, the Rupee ended at 35.74/75 (35.95) per hundred units.

UNI