Rupee gains 15 paise to 43.08/09 per USD

Mumbai, July 16 (UNI) The Rupee today bounced back to close firm at 43.08/09 per US Dollar, gaining 15 paise from its previous close as crude oil prices dropped sharply.

The partially convertible Indian currecy ended the session on a firm note after trading in a wide range between 43.07 and 43.20 despite the local stocks ending the day in red, dealers said.

The Reserve Bank of India (RBI) today fixed the reference rate for US Dollar at Rs 43.17 per unit.

The six-month and annualised forward premium was quoted lower at 5.13 (5.17) per cent and 4.44 (4.48) per cent, respectively.

Rupee ended the day at 68.31 (68.92/94) per unit against the Euro. It closed at 86.08 (86.64/66) per unit against the Pound Sterling, while Rupee ended at 41.25 (41.16/18) per hundred units against the Japanese Yen.

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