Re down 8p, ends at 44.56 to dollar
Mumbai: The rupee lost eight paise to the dollar to close at 44.56/57, on continued
demand from importers and an oil company.
The rupee opened the day on a weak note at 44.49/51 and was quoting at 44.54/56 in early
trades. There was sustained importer demand for dollars through the day. However, State
Bank of India sold dollars later in the day which helped check the rupee’s fall. In the forwards segment, premium ended lower on the back of
receiving (buy-sell swaps) by banks. The six-month premium ended at 2.63 per cent (2.79
per cent), while the 12-month premium ended at 2.82 per cent (2.98 per cent).
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