Rupee ends lower by 35 paise against dollar

Mumbai, Nov 12 (PTI) The Indian rupee Thursday lost a
hefty 35 paise to close at 46.65/66 against the dollar on
renewed demand for the US currency amid fears of more capital
outflows.
Dealers at the Interbank Foreign Exchange (forex) market
said, dollar recovering in overseas markets also weighed on
the rupee sentiment. Weakness in equity markets also put
pressure on the local currency.
Besides, there was some dollar demand from importers.
The Indian benchmark Sensex Thursday dropped by 153.57
points or 0.91 per cent.
The domestic currency resumed lower at 46.37/38 a
dollar against its previous close of 46.30/31 a dollar and
later fell to a low of 46.66 before ending at 46.65/66 per
dollar.
Most of the Asian stock markets ended lower by 0.07 per
cent to 1.39 per cent except Taiwan weighted index, which was
marginally up by 0.04 per cent.
Meanwhile, crude oil prices dipped below USD 79 a
barrel in London.
The Reserve Bank of India, however, fixed the reference
rate for the US dollar at Rs 46.50 and for the euro at Rs
69.71.
Rupee premiums on the forward dollar ended slightly lower
due to fresh receiving by exporters.
The benchmark six-month forward dollar premium payable in
April moved down to 59-60 paise from 60-62 paise on Wednesday
and far-forwards maturing in October also finished lower at
at 121-1/2-122-1/2 paise as against 123-124 paise yesterday.
In cross-currency trade, the domestic currency declined
against the pound sterling, the Euro and the Japanese yen.
The rupee fell against the pound to finish at Rs
77.26/28 from its overnight closing level of Rs 77.15/17 and
moved down against the Euro to end at Rs 69.69/71 from Rs
69.59/61 yesterday.
The rupee reacted downwards against the Japanese yen to
51.98/52.00 per 100 yen from 51.48/50 yesterday. PTI RSU
DDC