Rupee Up Against Dollar

Mumbai: The rupee spruced up against the greenback. Rupee opened at 40.36/37, touched an intra-day low of 40.42 but crept up to end at 40.35/37, against the previous close at 40.42. There has been good supply of dollar from Foreign Institutional Investors as well as exporters. Market participants expect the rupee to be range bound this week. In forwards, the six-month premium closed at 1.77 per cent (1.99) and the 12-month ended at 1.86 per cent (1.93).