LD RUPEE 2 LAST

The Reserve Bank of India, however, fixed the reference
rate for the US dollar at Rs 46.27 and for the euro at Rs
69.80.

Rupee premiums on the forward dollar firmed up further on
sustained paying pressure from banks and corporates.
The benchmark six-month forward dollar premium payable in
May rose to 58-1/2-59-1/2 paise from 57-59 paise on Tuesday
and far-forwards maturing in November also closed up at
118-119 paise from 114-1/2-116-1/2 paise previously.
In cross-currency trade, the domestic currency remained
weak against the pound sterling while reacted downwards
against the euro.
However, it improved further against the Japanese yen.
The rupee dropped further against the pound to end at Rs
77.20/22 per pound from Tuesday's close of Rs 76.81/83 while
fell back against the Euro to end the day at Rs 69.90/92 from
Rs 69.76/78 previously.
The rupee, however, strengthened against the Japanese yen
to Rs 53.11/13 per 100 yen from its last close of Rs 53.35/37.
PTI VMP
MYR


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