Re Ends Tad Higher At 40.44/$

Mumbai: The rupee appreciated by almost two paise against the greenback on July 9, backed by strong FII inflows into the domestic stock market but traders felt that the gains were checked by suspected RBI intervention in the market. The domestic currency opened at 40.41 and traded in a narrow range to finally close at 40.43 , up from the previous close of 40.45. In forwards, the six-month premia closed at 1.79 per cent (2.48 per cent) while the 12-month closed at 1.85 per cent (2.37 per cent).