Rupee weakens by 10 paise closes at 46.62/63/USD

Mumbai, Aug 14: Indian rupee today weakened by 10 paise to close at 46.62/63 per US dollar, as compared to the previous close of 46.53 per USD, a trader in the money market said.

Rupee earlier opened at 46.55/56 per US dollar and in the mid-morning session traded at 46.54/55/USD.

RBI today fixed the reference rate at Rs 46.56/US dollar, as compared to the previous rate of 46.52 per US dollar.

The six-month forward premia was fixed low at 1.23 per cent and the one-year forward premia was also fixed high at 1.25 per cent.

The Indian unit's performance against other currencies was good.

Against euro it was up at Rs 59.27 (59.38), against pound sterling it was up at Rs 87.91 (88.14) and against yen it was down at Rs 40.00 (40.07).

UNI