Rupee ends flat at 39.39/40 per USD

Mumbai, Jan 30 (UNI) The Rupee today ended steady at 39.39/40 as traders geared up for outflows relating to a recent share offering, while investors stayed on the sidelines, ahead of a key U.S. rate decision.

It opened slightly higher at 39.36/38 and later fluctuated in a narrow range between 39.35 and 39.45 during the sesssion.

Dealers said there was modest dollar purhase by some nationalised banks. However, SBI was selling dollars before the end of the session. Activity was restricted with a thin transaction.

The Reserve Bank of India today fixed the reference rate for the US dollar at Rs 39.43 and the reference rate for Euro at Rs 58.26.

The reference rates are based on cross currency quotes at noon.

The exchange rates of Great Britain's Pound and Japanese Yen against the Rupee were given as Rs 78.4519 per pound and Rs 36.94 per 100 yen.

Meanwhile, the forward primia for six months closed lower at 2.20 per cent against 2.25 per cent the previous day. The one year primia closed lower at 1.81 per cent compared to 1.88 per cent.

The Indian unit ended weaker at 58.27/29 (58.15/17) against the Euro. Rupee closed softer at 78.40/42 (78.33/35) per unit against the Pound Sterling. However, the Rupee ended higher at 36.82/84 (36.84/86) per hundred units against the Japanese Yen.

UNI AR OBB AG1842