Rupee ends at 13-month low of 42.84/85 per USD

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Mumbai, May 21: The Rupee today further extended losses to close at a fresh 13-month low of 42.84/85 against the US Dollar, falling by 24 paise from the previous rate of 42.60/61 per dollar on worries over soaring crude oil prices.

The partially convertible Indian rupee slipped to touch an intra-day low of 42.90 against the greenback on sustained buying of dollars by foreign banks and oil companies in the currecy market, dealers said. Reserve Bank of India today fixed the reference rate for US Dollar at Rs 42.72, five paise higher than the previous day's level of Rs 42.67 per USD.

The six-month premium was quoted higher at 1.75 (1.55) per cent and annualised premium closed at 1.32 (1.20) per cent.

Rupee ended the day on a weak note at 67.33 (66.75) per unit against Euro. It closed at 83.99 (83.83) per unit against the Pound Sterling and ended at 41.35 (41.04) per hundred units against the Japanese Yen.


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