<p>The rupee ended lower by 35 paise at 49.50/51 against the American currency today on fresh dollar demand from banks and importers despite weakness of dollar overseas.<br /><br /></p>.<p>At the Interbank Foreign Exchange (Forex) market, the rupee resumed steady at 49.15/16 per dollar and traded in the range of 49.15 and 49.52 before settling at 49.50/51, a loss of 0.71 per cent or 35 paise from its previous close.<br /><br />Fresh dollar demand from banks and importers in view of uncertainty in the currency market mainly affected the rupee value against the dollar, a forex dealer said.<br /><br />In London, the euro hit the two-month high level against the dollar and yen on hopes that Greece would clinch a bailout deal. This encouraged investors to unwind bearish positions.<br /><br />Alpari Financial Services (India) CEO Pramit Brahmbhatt said, rupee traded weak today taking cues from the dollar demand from oil importers leaving rupee to depreciate by over half a per cent. The rupee fall was restricted by positive equity market and dollar inflows, he added.<br /><br />The BSE benchmark Sensex was up by 123 points at 17,830.75 on sustained FII inflows as European markets firmed ahead of a decision to ease euro-zone debt crisis, especially in Greece.<br /><br />Meanwhile, New York global crude oil was trading above USD 99 a barrel in European market today.<br /><br />The rupee premium for the forward dollar ended sharply higher on sustained paying pressure from banks and corporates.<br /><br />The benchmark six-month forward dollar premium payable in July rose to 171-1/2-172-1/2 paise from Wednesday's close of 166-168 paise and far-forward contracts maturing in January also finished higher at 302-304 paise from 285-287 paise.<br /><br />The RBI has fixed the reference rate for the US dollar at 49.2895 and for euro at 65.5895.<br /><br />The rupee declined further against the pound sterling to end at 78.41/43 from yesterday's close of Rs 78.06/08 and also drifted lower at Rs 65.67/69 per euro from Rs 65.20/22 previously.<br /><br />However, it fell back against the Japanese yen to Rs 64.18/20 per 100 yen from last close of 63.83/85.</p>
<p>The rupee ended lower by 35 paise at 49.50/51 against the American currency today on fresh dollar demand from banks and importers despite weakness of dollar overseas.<br /><br /></p>.<p>At the Interbank Foreign Exchange (Forex) market, the rupee resumed steady at 49.15/16 per dollar and traded in the range of 49.15 and 49.52 before settling at 49.50/51, a loss of 0.71 per cent or 35 paise from its previous close.<br /><br />Fresh dollar demand from banks and importers in view of uncertainty in the currency market mainly affected the rupee value against the dollar, a forex dealer said.<br /><br />In London, the euro hit the two-month high level against the dollar and yen on hopes that Greece would clinch a bailout deal. This encouraged investors to unwind bearish positions.<br /><br />Alpari Financial Services (India) CEO Pramit Brahmbhatt said, rupee traded weak today taking cues from the dollar demand from oil importers leaving rupee to depreciate by over half a per cent. The rupee fall was restricted by positive equity market and dollar inflows, he added.<br /><br />The BSE benchmark Sensex was up by 123 points at 17,830.75 on sustained FII inflows as European markets firmed ahead of a decision to ease euro-zone debt crisis, especially in Greece.<br /><br />Meanwhile, New York global crude oil was trading above USD 99 a barrel in European market today.<br /><br />The rupee premium for the forward dollar ended sharply higher on sustained paying pressure from banks and corporates.<br /><br />The benchmark six-month forward dollar premium payable in July rose to 171-1/2-172-1/2 paise from Wednesday's close of 166-168 paise and far-forward contracts maturing in January also finished higher at 302-304 paise from 285-287 paise.<br /><br />The RBI has fixed the reference rate for the US dollar at 49.2895 and for euro at 65.5895.<br /><br />The rupee declined further against the pound sterling to end at 78.41/43 from yesterday's close of Rs 78.06/08 and also drifted lower at Rs 65.67/69 per euro from Rs 65.20/22 previously.<br /><br />However, it fell back against the Japanese yen to Rs 64.18/20 per 100 yen from last close of 63.83/85.</p>