Rupee closes at 45.10/11 per USD

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Mumbai, Sep 10 (UNI) The Rupee today closed at a near 22-month's low at 45.10/11 per dollar, depreciating about 27 paise from its previous close of 44.83/84 as the US Unit strenghened and local stocks fell on week global cues.

Extending the continuous fall against the greenback, Rupee today resumed the day on a weak note and further fell to a day's low of 45.17 on sutained outflows of dollar from the inter bank foreign exchange market. Reportedly, the Central Bank also seemed to have kept away from preventing its downfall, dealers said.

The Indian unit traded in a wide range band between 44.87 and 45.17 per dollar amidst high volatility in the forex market.

Further, Dealers expect that the rupee would continue to fall in the future sessions as the US unit is strengthening against other major global currencies. However, the Central Bank is expected to prevent its sharp slide against the greenback.

Meanwhile, the Reserve Bank of India (RBI) today fixed the reference rate for US dollar at Rs 44.89 per unit, up by 63 paise, against the previous day's rate of Rs 44.26 per dollar.

The six-month and annualised forward dollar premium was quoted higher at 3.36 (3.07) per cent and 2.79 (2.68) per cent respectively.

The Rupee ended the day weaker at 63.69 (63.32) per unit against the Euro. It closed at 79.31 (78.85) per unit against the Pound Sterling. Rupee ended at 42.10 (41.41) per hundred units against the Japanese Yen.


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