Rupee eases further to end at 39.30/32 against USD

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Mumbai, Jan 17: Rupee today further extended weakness against the US Dollar to end at 39.30/32, cheaper by about two paise from its previous close of 39.29/30 per dollar, on a weak note in Indian equity market triggered by weak global cues.

The partially convertible Indian Rupee traded in a range band of 39.27 to 39.35 per dollar in an active inter-bank foreign exchange (Forex) market, however, the reported intervention by the Reserve Bank of India was continued, dealers said.

The six-month forward premium closed slightly lower at 2.0 (2.03) per cent, while annualised premium ended at 1.55 (1.67) per cent.

Meanwhile, the Reserve Bank of India today fixed the reference rate at Rs 39.29 per dollar. The reference rate declined by two paise as compared to the yesterday's rate of Rs 39.27 per dollar.

The Indian unit ended firm at 57.60/61 (58.04/05) against the Euro, while it closed weaker at 77.16/17 (76.87/88) per unit against the Pound Sterling. Against the Japanese Yen, the Rupee ended at 36.80/81 (36.99/37.01) per hundred units.


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