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Rupee strong by five paise, closes at Rs 46.54 per USD

Written by: Staff
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Mumbai, Aug 8 (UNI) The rupee today strengthened by five paise to close at Rs 46.54 per US dollar as compared to the previous close of Rs 46.59 per USD, said a trader in the money market.

The domestic currency earlier opened at Rs 46.58/60 per USD and in the mid-morning session traded at 46.57/58 per USD.

Reserve Bank of India (RBI) today fixed the reference rate at Rs 46.59 USD as compared to the previous rate of 46.49 per USD.

The six-month forward premia was fixed up at 1.14 per cent and the one-year forward premia was fixed up at 1.19 per cent.

The rupee was also up against other currencies, against Euro it was up at Rs 59.73 (59.85), against Pound Sterling it was up at Rs 86.65 (88.78) and against Yen it was up at Rs 40.44 (40.45).

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