Rupee ends lower at 39.35 against per USD

Mumbai, Feb 1: The Rupee today ended lower at 39.35/36 as compared to previous close of 39.37/38 per dollar due to sustained selling pressure by foreign banks in view of the strong trend on the stock market. Resuming the day at 39.38/40 per dollar, the partially convertible Indian currency was range bound between 39.35 and 39.42. Rupee traded in a close lower by two paise and ended lower at 39.35 against the greenback before finally closing almost flat in late trade, dealers said.

Meanwhile, the forward primia for six months closed higher at 2.07 (2.03) per cent and annual primia closed firm at 1.77 (1.71) per cent. The Reserve Bank of India fixed the reference rate for the US dollar at Rs 39.36 and the reference rate for Euro at Rs 58.48. The exchange rates of Great Britain's Pound and Japanese Yen against the Rupee were given as Rs 78.2910 per pound and Rs 37.02 per 100 yen. The Indian unit ended weaker at 58.55/56 (58.47/48) against the Euro. Rupee closed also slightly lower at 78.35/36 (78.37/38) per unit against the Pound Sterling. Similarly, the Rupee ended softer at 36.96/97 (37.02/04) per hundred units against the Japanese Yen.

UNI