Rupees Ends At 40.35 Against Dollar

Mumbai: The rupee weakened by eight paise against the greenback on July 25, due to dollar purchasing by some nationalised banks. The home currency eased from its nine-year high to close at 40.35, down from the previous close of 40.27. The rupee opened at 40.29/30 and saw an intra-day high of 40.27 before ending the day at 40.35. In forwards, the six-month premia closed at 1.14 per cent (0.96 per cent) while the 12-month ended at 1.40 per cent (1.29 per cent).