"The rupee was seen trading in the range of 27 paise. It was weakening initially taking cues from the strong dollar index which was trading above 80.00 levels. However later it started gaining after the announcement of the RBI regarding raising the investment limit for
FIIs," said Abhishek Goenka, Founder and CEO, India Forex Advisors.
The Forex and Money markets will remain closed tomorrow for observing
The premium for the forward dollar recovered on fresh payments from banks and
The benchmark six-month forward dollar premium payable in June edged up to 156-158 paise from Wednesday's close of 155-157
Far-forward contracts maturing in December also rose to 312-314 paise from 308-310
The RBI has fixed the reference rate for the US dollar at 53.8515 and for euro at 71.7210.
The rupee improved further against the pound sterling to 84.95 from previous close of 85.09 and also finished slightly higher against the euro to 71.54 from 71.57.
It, however, bounced back against the Japanese yen to 59.94 per 100 yen from last close of 60.76.