Mumbai, Apr 10: The Rupee today ended below the 40.00 level at 39.95 against the US Dollar, appreciating by nearly five paise from its previous close of 40.00/01 in a choppy session. The partially convertible Indian rupee hovered near the same level for most of the day in a narrow range band gap of 39.93 and 40.00 per dollar, before ending on a firm note in late trade despite the indian equity market closing on a negative note today, dealers said.
The Reserve Bank of India today fixed the reference rate for the US dollar at Rs 39.95, down 7 paise from its yesterday's rate of Rs 40.02 per USD.
The six-month premium was quoted almost lower at 2.14 (2.20 per cent and annualised premium ended also softer at 1.56 (1.60) per cent. The Rupee ended the session at 63.27 (62.75) against the Euro. It closed at 78.95 (78.68)) per unit against the Pound Sterling. However, Yen finished at 38.70 (38.90) per hundred units against the Japanese Yen.