Rupee further extends gains, ends at 40.42/43 against USD

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Mumbai, Mar 19: The Rupee today further extended gains against the US Dollar, ending nearly nine paise firm at 40.42/43 from its previous close of 40.50/51 per dollar as Asian markets improved after US Federal Reserve cut key rates.

Indian curency opened the day on a firm note at 40.35/36 and then traded with a range band gap of about twenty paise in a fairly active interbank foreign exchange market, before ending firm in late trade, dealers said.

The benchmark Sensex today had a strong gain of over 630 in the opening trade, however, it ended with a positive gain of 161 points on profit booking interest and lack of buying interest in second half of the trading session.

Meanwhile, the six-month premium was quoted marginally higher at 1.74 (1.73) per cent and annualised premium closed at 1.26 (1.23) per cent. The Reserve Bank of India fixed the reference rate for the US dollar at Rs 40.45.

The Rupee closed firm today at 63.32 (63.64/65) against the Euro. It ended at 80.53 (81.33/34) per unit against the Pound Sterling and closed at 40.67 (41.21/22) per hundred units against the Japanese Yen.


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