Rupee ends flat at 52.55/56 vs dollar

PTI Mumbai | Updated on April 26, 2012


The rupee closed flat on Thursday at 52.55/56 against the dollar after alternate bouts of selling and buying of the American currency.

At the Interbank Foreign Exchange (Forex) market, the rupee resumed slightly higher at 52.52/53 per dollar and moved in the range of 52.43 and 52.65, before ending at 52.55/56, little changed from its last close of 52.54/55.

A forex said the market witnesses dollar selling by banks and exporters even as there was month-end dollar demand from importers.

The dollar moved narrowly against the euro and yen in Asian trade. The euro inched up to USD 1.3224 in Tokyo afternoon trade from $1.3215. The dollar edged down to 81.14 yen from 81.33 yen.

The rupee premium for the forward dollar ended lower on fresh receivings by exporters.

The benchmark six-month forward dollar premium payable in September ended lower at 159-161 paise from 162-164 paise and far-forward contracts maturing in March closed down at 302-304 paise from 305-307 paise.

The RBI fixed the reference rate for the US dollar at 52.5670 and for euro at 69.5630.

The rupee reacted downwards to 85.00/02 against the pound sterling from Wednesday’s close of 84.59/61 and eased against the euro to 69.39/41 from 69.37/39 previously.

It, also fell back against the Japanese yen to 64.96/98 per 100 yen from last close of 64.69/71.

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Published on April 26, 2012
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