Rupee closes lower at 39.35/36 per USD
Mumbai,
Nov
20:
The
Rupee
closed
lower
by
two
paise
at
Rs
39.35/36
against
the
US
Dollar
as
compared
to
the
previous
close
of
39.33/3450
per
dollar
in
a
fairly
active
forex
market
today.
The partially convertible Indian Rupee today started at 39.40/41 per dollar in early trade. With less movement, it traded in the range of 39.32 and 39.43 per dollar during the day trade, dealers said.
The Indian unit recovered its early losses and ended barely changed as a wave of dollar selling by exporters propped up the local unit in late trade, dealers added.
The six-month forward premium closed firm at 1.45 (1.42) per cent, while annualized premium ended marginally low at 1.20 (1.16) per cent.
The Reserve Bank of India (RBI) today fixed the reference rate at Rs 39.34 per US Dollar. The reference rate was down by five paise as compared to to the previous day's rate of Rs 39.29 per USD.
The Rupee traded strong against other major world currencies today. The Indian unit ended firm at 57.16/17 against the Euro. The Rupee closed stronger at 80.20/21 per unit, against Pound Sterling, while against the Japanese Yen, the Rupee ended at 35.65/66 per hundred units.
UNI