Rupee gains 28 paise against dollar
"The rupee was seen trading parallels with Dollar index, when it slipped to 80.10 levels rupee was seen touching 55.77 levels while Dollar Index recovering to 80.30 levels was followed by recovery in rupee," said Abhishek Goenka, Founder and CEO, India Forex Advisors.
However, the dollar index was up by 0.23 per cent against a basket of six major global currencies ahead of key US data. The premium for the forward dollar ended with small changes on positive side.
The benchmark six-month forward dollar premium payable in April finished at 140-142 paise from Monday's close of 140-141 paise.
Far-forward contracts maturing in October settled better at 285-287 paise from 283-285 paise.
The RBI has fixed the reference rate for the US dollar at 55.7045 and for euro at 72.3500. The rupee recovered against the pound sterling to 88.83 from overnight close of 89.31 and also bounced back against the euro to 71.78 from 72.25.
It too rebounded against the Japanese yen to 67.58 per 100 yen from previous close of 67.83.
The Forex and Money markets will remain closed tomorrow, November 28, for 'Gurunanak Jayanti'
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