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In cross-currency trade, the rupee continued to reel

In cross-currency trade, the rupee continued to reel

New Delhi: In cross-currency trade, the rupee continued to reel under pressure against the British pound and closed sharply lower at 94.26 per pound preceding weekend level of 93.19 and also dropped against the euro to finish at 84.02 from 83.25.

The home currency, however recovered against the Japanese yen to settle at 64.22 per 100 yens compared to 64.70 earlier.

In the forward market, premium for dollar edged higher due to mild paying pressure from corporates.

The benchmark six-month forward dollar premium payable in January 2019 inched up to 120.50-122.50 paise from 120-122 paise and the far-forward contract maturing in July moved up to 278-280 paise from 272-274 paise.

PTI

PTI

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