The Indian rupee on April 16 dropped by 10 paise to 49.76/77 against the US currency due to sharp decline in the equity markets in which the key benchmark index plunged 337 points on Thursday to end at 10,947. The benchmark six-month forward dollar premium payable in September closed at 62-64 paise down from 64-66 paise on Wednesday and the far-forwards maturing in March also dropped further to 101-103 paise from its last level of 103-105 paise.
The rupee closed at Rs 74.13/15 against the pound sterling from its previous close of 74.40/42. It moved up further against the euro to Rs 65.57/59 from last close of Rs 65.67/69 on April 15. However, the rupee fell against the Japanese yen to Rs 50.35/37 per 100 yen from Rs 49.97/99 per 100 yen on April 15.
The rupee closed at Rs 74.13/15 against the pound sterling from its previous close of 74.40/42. It moved up further against the euro to Rs 65.57/59 from last close of Rs 65.67/69 on April 15. However, the rupee fell against the Japanese yen to Rs 50.35/37 per 100 yen from Rs 49.97/99 per 100 yen on April 15.
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