Rupee weakens by ten paise against USD

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Mumbai, Feb 18: The Rupee today ended weak at 39.76/78 against the US Dollar, depreciating by about ten paise amid a volatile session in the local market.

The local unit resumed the day with a marginal gap at 39.65 per dollar on fresh inflows in the local equity market in early trade. But, it lost ground against the greenback as there was a sudden weakening of the Indian markets on selling presure in the mid-morning trade as well as outflows of the foreign funds in the late trade. Moreover, rupee traded in a wide range between 39.65 and 39.78 before ended weaker against the dollar, dealers said.

Meanwhile, the six months and one year premium of Dollar was quoted lower at 0.57 (0.85) per cent and 0.91 (1.120 per cent respectively. The Reserve Bank of India (RBI)today fixed the reference rate for the per US dollar steady at Rs 39.66.

The Indian unit ended high at 58.14 (58.23) against the Euro.

Rupee closed high at 77.52 (77.84) per unit against the Pound Sterling and it ended the day at 36.71 (36.82) per hundred units against the Japanese Yen.


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