Rupee ends steady at 39.40 per USD

Mumbai Dec 10: The Rupee today ended steady at 39.40 against the US Dollar amid a choppy trading session in the inter bank foreign exchange (Forex) market.

The partially convertible Indian Unit traded in tight range band of 39.42 and 39.38 per dollar as there was very less activity in the market due to it being the last month of the year, dealers said.

The six-month forward premium closed higher at 1.64 (1.54) per cent, while annualized premium ended up 1.23 (1.18) per cent.

Meanwhile, the Reserve Bank of India (RBI) today fixed the reference rate at Rs 39.38 per US Dollar. The reference rate was up by three paise as compared to Friday's rate of Rs 39.41 per USD.

The Rupee today traded in a mix against other major world currencies. The Indian unit ended weak at 57.86 (57.51/52) against the Euro. Rupee closed weaker at 80.51 (79.84/85) per unit against Pound Sterling. While against the Japanese Yen, it ended firm at 35.24 (35.23/24) per hundred units.

UNI