Rupee up by 19 paise closes at 46.35/37/USD

Mumbai, June 1 (UNI) The Indian currency today closed stronger by 19 paise at Rs 46.35/37 per US dollar compared to the previous close of 46.54/55 per US Dollar, on the back of continuing foreign fund outflow, a dealer in the forex market said.

Earlier, the Indian currency opened strong by eight paise at 46.46/47/USD as compared to the last close of 46.54/55.

The Rupee traded at 46.36/USD in the mid-morning session.

The equity markets' benchmark index BSE Sensex closed 369 points lower, leading to weakness in the currency.

The Reserve Bank of India fixed the rupee reference rate at Rs 46.22 per US dollar, 21 paise up from yesterday's rate of 46.43.

The six-month forward premia ended higher at 0.65 per cent from the previous close of 0.60 per cent.

The one-year forward premia, too, ended higher at 0.85 per cent from the previous close of 0.76 per cent.

The cross-currency closing rate for rupee against euro was 58.83 (59.55), up by 32 paise from the previous close, for pound sterling it was up by 94 paise at 85.91 (86.85), and for Japanese Yen it was 40.80 (41.28), up by 48 paise from the previous close.

UNI VS MJ AG1816