Rupee down 22 paise Vs US dollar
"The correction in dollar index was not accompanied by a correction in rupee. This seems to be a matter of concern as a recovery in the euro and weak dollar index fails to help rupee," said Abhishek Goenka, Founder and CEO, India Forex Advisors.
Meanwhile, the BSE benchmark Sensex today ended higher by 30.44 points at 18,537.
The premium for the forward dollar ended mixed today. The benchmark six-month forward dollar premium payable in April softened to 140-141 paise from last Friday's close of 141-142 paise.
However, Far-forward contracts maturing in October closed better at 283-285 paise from 280-1/2-282-1/2 paise.
The RBI has fixed the reference rate for the US dollar at 55.6920 and for euro at 72.1005.
The rupee remained sluggish against the pound sterling to end at 89.31 from last weekend's close of 88.48 and also dipped further to 72.25 per euro from 71.61.
It too moved down further against the Japanese yen to 67.83 per 100 yen from last close of 67.49.
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