Rupee settles flat per dollar

Mumbai, Oct 11 (UNI) The Rupee maintained its nine year peak level to settle flat today at 39.30 per dollar, quite similar to its close of 39.30/31, attained in early half of 1998.

Rupee started almost steady at 39.30/32 per dollar in the morning and stood range bound for most part of the day at the overnight forex market, prior to settling at the same levels.

According to dealers, Reserve bank chose to stay away from the forex market for most part of the day and absorbed over 46,000 crore from the system, accepting all the 33 bids received.

Six month premium closed at 1.80 percent (1.54) while annualised premium ended at 1.54(1.39) percent.

Rupee bettered marginally against major world currencies. Against euro, it ended high at 55.79 (55.60) per each unit, against Pound Sterling it closed high at 80.06(80.20) per each unit, while Japanese currency (Yen) was quoted at 33.41(33.50) per 100 hundred units each.

Reserve Bank today fixed the reference rate at Rs 39.31 per dollar, up by three paise as compared to the yesterday's rate of Rs 39.34.

UNI