Rupee ends weak at 39.395 per USD

Mumbai, Dec 13: The Rupee today closed weaker at 39.395/405 against the US Dollar from its previous close of 39.37/38 per Dollar on negative move in the Indian equity market.

The partially convertible Indian unit resumed firm at 39.35/37 per Dollar tracking the firm note in local equity market during the early trading sessions. The Rupee traded in a wide range band of 39.35 to 39.45 per Dollar in a fairly active Inter-bank Foreign Exchange (Forex) market amid high volatility, dealers said.

The six-month forward premium closed high at 1.95 (1.76) per cent, while annualized premium ended at 1.40 (1.30) per cent.

Meanwhile, the Reserve Bank of India (RBI) today fixed the reference rate at Rs 39.37 per US Dollar. The reference rate was down slightly by one paise compared to previous day's rate of Rs 39.36 per USD.

A mixed trend was observed in the Rupee's trade against other major world currencies. The Indian unit ended firm at 57.80 (57.81/82) against the Euro, while it closed firm at 80.46 (80.47) per unit against Pound Sterling. Against the Japanese Yen, it ended at 35.25 (35.44/45) per hundred units.

UNI