Rupee weakens by two paise at 46.53/54 per USD

Mumbai, Aug 31: The Indian currency today closed weak by two paise at Rs 46.53/54 per US dollar compared to the previous close of Rs 46.51/52 per US Dollar yesterday, a money market trader here said.

Reserve Bank of India (RBI) today fixed the reference rate at Rs 46.55 per USD as compared to the previous rate of Rs 46.51 per USD.

The six-month forward premia was fixed high at 1.42 per cent and the one-year forward premia was also fixed high at 1.38 per cent.

Rupee performance against other currencies also declined, against Euro it was down at Rs 59.79 (59.55), against Pound sterling it was down at Rs 88.65 (88.33), however against Yen it was up at Rs 39.67 (39.68).

UNI