Rupee recovers 10 paise to end at 55.06 on USD sales
Agencies: Mumbai, Nov 19 2012, 22:35 IST
& CEO, India Forex Advisors.
The premium for the forward dollar ended steady to better on stray payments from banks and corporates.
The benchmark six-month forward dollar premium payable in April closed at its last Friday's level of 144-1/2-146-1/2 paise.
Far-forward contracts maturing in October ended higher at 283-285 paise from 280-1/2-282-1/2 paise.
The RBI has fixed the reference rate for the US dollar at 54.9665 and for euro at 70.1595.
The rupee declined further against the pound sterling to 87.58 from previous close of 87.40. It also remained weak against the euro to 70.32 from 70.25.
It, however, recovered slightly against the Japanese yen to 67.83 per 100 yen from last close of 67.98.
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