Mumbai, Mar 5: The Rupee today closed almost flat at 40.30 against the US Dollar as compared to previous close of 40.31/32 amid lacklustre activities in the Forex market. After resuming the day on a flat note at 40.30/32 against the greenback, the partially convertible Indian currency moved in a range band between 40.21 and 40.37 per dollar, tracking the movements in the local equity market, before ending flat in late trade, dealers said.
The forex market witnessed a mixed bout of buying and selling of dollars throughout the day, dealers added. The local unit on Monday hit a nearly six and half month low at 40.3850/3950 against the US Dollar, depreciated by 37 paise on a steep fall in Indian bourses as well as Dollar strengthening in global market.
The benchmark Sensex today broke the downward streak and recovered the previous loss by over 202 points. Meanwhile, the six month premium was quoted at (negative) -0.10 (- 0.30) per cent and annualised premium closed at 0.22 (0.10) per cent. The Reserve Bank of India fixed the reference rate for the US dollar flat at Rs 40.29.
The rupee today closed stronger at 61.17 (61.31/32) against the Euro. It ended at 79.63 (80.05/06) per unit against the Pound Sterling and closed at 38.80 (39.09/10) per hundred units against the Japanese Yen.