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    Default Rupee weakens by 22 paise at 46.54 against dollar

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    The Rupee weakened by 22 paise at 46.54 against the dollar on the last day trading of 2009 today due to month-end demand for the greenback, traders at the interbank Foreign Exchange (Forex) said.



    At the noon session, the partially convertible rupee was at 46.63/64 per dollar, stronger than 46.74 at close on Wednesday.

    However, dealers said demand for dollars tends to peak at the end of each month, when importers are required to make payments.

    Six month forward dollar premium was recorded low at 3.07/09 per cent (3.10/12 per cent) and one year annualised dollar premium also ended lower at 2.86/87 per cent (2.90/92).

    The Indian unit, quoted against global currencies like Euro ended at 67.06/08 (67.05/07) per unit, Pound Sterling closed at 75.36/38 (74.20/22) per unit and Yen touched at 50.38/40 (50.68/70) per 100 units, dealers added.

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