Rupee Closes At 20-Month High Against Dollar

Mumbai: The rupee closed at a 20-month high of 43.30 against the dollar on March 26 owing to a liquidity shortage in the banking system. The home currency opened at 43.50/52 but finally rose by 26 paise to close at 43.30 against the previous close of 43.56/57 on March 23. The dealers expect the rupee to trade in the range of 43.10-43.15 this week. In the forward premia, 6-month closed at 5.45 per cent (3.97) and the 12-month closed at 4.15 per cent (3.37).