Rupee ends at 6 week low at 40.50/52 per USD

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Mumbai, Apr 30: Rupee today closed at a six week low at 40.50/52 against the US dollar with small loss of three paise on good purchase of dollars by foreign banks. Rupee fell to a fresh six-week low as oil refiners brought dollars, and traders said the U.S. Federal Reserve's interest rate decision later in the day would have little impact on the market.

Rupee reusmed high at 40.43/44 per US dollar, later it recorded the day's high at 40.38 and a low at 40.65 per dollar during the session, which ended at 40.50/52 per dollar, its lowest close since March 18. Reserve Bank of India today fixed the reference rate for US Dollar at Rs 40.46, up 24 paise from yesterday's rate of Rs 40.22 per USD. The six-month premium was quoted at 1.82/84 (2.28/30) per cent and annualised premium closed at 1.58/60 (1.92/94) per cent.

The local currency ended the session at 62.90/92 (62.92/94) against the Euro. It closed at 79.64/66 (79.70/72) per unit against the Pound Sterling. The local unit closed at 38.62/64 (38.90/92) per hundred units against the Japanese Yen, dealers added.

Trading in forex market will remain closed here tomorrow due to Maharashtra Day, as a public holiday, traders added.


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