Rupee Closed At 40.37 Against Dollar

Mumbai: The rupee closed at 40.36/37 against the previous close of 40.35/37. The domestic currency opened at 40.36/37 and saw an intra-day high of 40.33 backed by strong dollar supplies before ending the day at 40.36/37. Market participants expect the rupee to strengthen further this week. In forwards, the six-month premi a closed at 1.41 per cent (1.77 per cent) while the 12-month premia closed at 1.65 per cent (1.86 per cent).