Rupee closes high at 39.3300/3450 against USD

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Mumbai, Nov 19: Spot Rupee closed with a slight change at 39.3300/3450 against the US Dollar as compared to the previous close of 39.32/33 per dollar in a fairly active forex market today.

The partially convertible Indian Rupee today started at 39.28/30 per dollar in early trade. With less movement, it traded in the range of 39.28 and 39.35 per dollar during the day trade, dealers said.

The Indian unit recovered its early losses and ended barely changed as a wave of dollar selling by exporters propped up the local unit in late trade, dealers added.

The six-month forward premium closed firm at 1.45 (1.42) per cent, while annualized premium ended marginally low at 1.20 (1.16) per cent.

Meanwhile, Reserve Bank of India today fixed the reference rate at Rs 39.29 per US dollar. The reference rate is up by six paise as compared to last rate of Rs 39.35.

The Rupee traded strong against other major world currencies today. The Indian unit ended firm at 57.52/53 (57.45) against the Euro. The Rupee closed stronger at 80.66/67 (80.33/34) per unit, against Pound Sterling, while against the Japanese Yen, the Rupee ended at 35.67/68 (35.46/47) per hundred units.


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