stray receipts by exporters. The benchmark six-month forward dollar premium payable in June softened to 160-162 paise from yesterday's close of 161-163 paise.
Far-forward contracts maturing in December also edged down to 315-317 paise from 316-318 paise.
The RBI has fixed the reference rate for the US dollar at 53.5115 and for euro at 71.4275. The rupee fell back slightly against the pound sterling to end at 85.37 from overnight close of 85.34 and also declined against the euro to 71.86 from 71.51.
It also remained weak against the Japanese yen to settle at 60.65 per 100 yen from last close of 60.07.