Rupee flat at 54.85 as RBI holds rates
cent against the US dollar.
Meanwhile, the Indian benchmark Sensex today closed up by 120.33 points or 0.63 per cent.
"Going forward, we expect the buying pressure and year end profit booking to put more pressure on the rupee and it can depreciate towards 55.25 levels," Goenka said.
Meanwhile, the premium for the forward dollar recovered on fresh paying pressure from banks and corporates.
The benchmark six-month forward dollar premium payable in May firmed up to 163-164 paise from yesterday's close of 160-162 paise.
Far-forward contracts maturing in November also settled higher at 309-310-1/2 paise from 304-1/2-306-1/2 paise.
The RBI has fixed the reference rate for the US dollar at 54.8490 and for euro at 72.2440.
The rupee fell further against the pound sterling to end at 88.93 from overnight close of 88.86. It also remained weak against the euro to 72.30 from 72.16.
The rupee, however, recouped losses against the Japanese yen to close at 65.39 per 100 yen from last close of 65.53.
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