Rupee rebounds by 9 paise against US dollar

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Rupee rebounds. (Thinkstock) Rupee rebounds. (Thinkstock)
SummaryForex dealers said a weak dollar overseas and firm local equities also supported the local currency.

of 170-171-1/2 paise.

Far-forward contracts maturing in November also eased to 316-318 paise from 317-319 paise.

The RBI has fixed the reference rate for the US dollar at 54.9473 and for euro at 71.7100.

The rupee declined further against the pound sterling to 88.12 from Monday's close of 87.96 and also remained weak to end at 71.49 per euro from 71.35.

It, however, recovered slightly against the Japanese yen to 66.67 per 100 yen from last close of 66.71.

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