Re Ends Tad Lower At 40.92/$

Mumbai: The rupee weakened by five paise on demand for greenback and closed at 40.92/93 on June 26, lower than the previous close of 40.87/88. The home currency opened at 40.94/96 and saw an intra-day high of 40.89 and a low of 41.01 before ending the day at 40.92/93. The rupee saw an intra-day high of 40.89 spurred by some dollar selling by some foreign banks and large corporates. In forwards, the six-month premia closed at 2.97 per cent (2.43 per cent) while the 12-month closed at 2.81 per cent (2.55 per cent).