Rupee weakens by 12 paise closes at Rs 46.53/USD

Mumbai, Aug 11: Indian Rupee today weakened by 12 paise to close at Rs 46.53 per US Dollar compared to the previous close of Rs 46.41 per US Dollar, a trader in the money market said.

Rupee earlier opened at Rs 46.44/45 per US Dollar and in the mid- morning session traded at 46.48/50/US Dollar.

RBI today fixed the Reference Rate at Rs 46.52/US Dollar compared to the previous rate of 46.43 per US Dollar.

The six month forward premia was fixed high at 1.24 per cent and the one year forward premia was also fixed high at 1.27 per cent.

The Rupee performance against other currencies was also good, against Euro it was up at Rs 59.38 (59.60), against Pound Sterling it was up at Rs 88.14 (88.32) however, against Yen it was down at Rs 40.07 (40.40).

UNI