Forward dollar premiums declined further on sustained receipts by importershttps://indianexpress.com/article/news-archive/web/forward-dollar-premiums-declined-further-on-sustained-receipts-by-importers/

Forward dollar premiums declined further on sustained receipts by importers

Rupee fell to 90.98 against the pound sterling from 90.33 and dropped to 78.36 against the euro from 77.99.

The benchmark six-month forward dollar premium payable in

December moved down to 224-229 paise from Thursday’s close of 228-233 paise. Far-forward contracts maturing in June dropped to 440-445 paise from 451-456 paise.

The RBI fixed the reference rate for the dollar at 58.9133 and for the euro at 78.2180.

The rupee fell to 90.98 against the pound sterling from the previous close of 90.33 and dropped to 78.36 against the

euro from 77.99.

It remained weak against the Japanese yen at 59.88 per

100 yen from the previous close of 59.25.