Rupee at 1-month high; up 40 paise Vs dlr
Agencies: Mumbai, Dec 06 2012, 20:50 IST
positive sentiments in the market and made the rupee gain against the US dollar. ," said Abhishek Goenka, founder and CEO, India Forex Advisors.
The premium for the forward dollar closed lower on fresh receipts by exporters.
The benchmark six-month forward dollar premium payable in May declined to 168-169-1/2 paise from Wednesday's close of 171-172 paise.
Far-forward contracts maturing in November also eased to 316-1/2-318-1/2 paise from 317-1/2-319-1/2 paise.
The RBI has fixed the reference rate for the US dollar at 54.4650 and for euro at 71.1150.
The rupee advanced further against the pound sterling to 87.21 from previous close of 87.85 and remained firm to end at 70.75 per euro from 71.39.
It also hardened against the Japanese yen to 65.72 per 100 yen from last close of 66.36.
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