Rupee edges up by 6 paise against USD

Mumbai, Aug 28: The rupee ended firm today at Rs 41.10/11 against the US Dollar, moving up by six paise as compared to the previous close of Rs 41.16/17 per dollar in an actively traded forex market.

The local currency today opened weak at Rs 41.35/36 per USD and traded in a wide range of 41.10/11-41.35/36 per dollar. It touched a high of Rs 41.10/11 per dollar and a low of Rs 41.35/36 per dollar, before it ended stronger, dealers said.

Dealers also said exporters repatriated profits by selling dollars, which helped the local unit to move up.

The Reserve Bank of India (RBI) today fixed the reference rate at Rs 41.24 per US dollar. The reference rate was down further by 12 paise, compared to previous day's rate of Rs 41.12 per USD.

UNI