In the forward market, premium continued its downslide on persistent receipts by exporters.
The benchmark six-month forward dollar premium payable in March dipped to 191-192-1/2 paise from preceding weekend’s level of 200.5-202.5 paise while far-forward contracts maturing in September 2015 inched up to 422-424 paise from to 421.5-423.5 paise.
The RBI fixed the reference rate for the USD at 61.4080 and the euro at 77.1899 from last weekend’s level of 61.2355 and the euro at 77.9650 respectively.
The rupee improved further against the pound sterling to 98.23 from 98.36 last weekend and firmed up to 77.22 a euro from 77.87 per euro previously.
It also rose to 54.95 per 100 yen from the last previous weekend’s level of 57.30. .
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