Rupee weakens by 4 paise to Rs 45.90/91/USD

Mumbai, Sept 22: The Indian Rupee today weakened by four paise to close at 45.90/91 per US Dollar compared to the previous close of Rs 45.85/87 per US Dollar, as the demand for Dollar grew in the oil companies after crude oil prices inched little higher, a money market trader said.

Earlier, Rupee opened strong at Rs 45.80/81 per US Dollar and in the mid morning session traded relatively high at 45.93/94/US Dollar to finally close weak at 45.90/91 per US Dollar.

RBI fixed the Reference Rate at Rs 45.94/US Dollar compared to the previous rate of 45.88 per US Dollar on Thursday.

The six month forward premia was fixed low at 1.21 per cent and the one year forward premia was also fixed flat at 1.25 per cent.

Rupee performance against other currencies declined too, against Euro, Rupee closed down at Rs 58.72 (58.25), against Pound Sterling it closed down at Rs 87.14 (86.84)and against Yen, it closed down at Rs 39.43 (39.13).

UNI