Rupee closes six paise stronger 45.12/13/USD

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Mumbai, Apr 17 (UNI) Rupee closed stronger by six paise at 45.12/13 per US dollar as compared to the previous close of 45.18/19, said a foreign exchange (forex) dealer here.

Earlier, the rupee opened stronger at 45.11/13 per US dollar, the dealer added.

Rupee traded at 45.14/15 in the mid-morning session.

However, a brilliant run in the stock markets since morning saw the Bombay Stock Exchange (BSE) Sensitive Index gain 302 points to 11,539 points, making rupee close stronger.

Crude oil price in the New York Mercantile Exchange (NYMEX) hovered around USD 69-70 per barrel at 69.87 per barrel which however restricted rupee's gain.

The Reserve Bank of India (RBI) reference rate for the rupee versus US dollar was 45.15, which was 15 paise up from the previous close.

The six-month forward premia ended higher at 1.47 per cent, as compared to previous close at 1.28 per cent.

The one-year forward premia also ended higher at 1.44 per cent, as compared to the last close at 1.34 per cent.

The cross-currency closing rate for the rupee against the euro was 55.10 (54.60), which was 50 paise up, for pound sterling it was 79.60(79.12), which was 48 paise up and for the Japanese yen it was 38.24 (38.05), which was 19 paise up from the previous close.

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