Re Ends Lower At 40.41/$

Mumbai: The rupee weakened by about seven paise against the greenback on Aug 6, due to the bearish domestic stock market. The home currency closed at 40.41, down from the previous close of 40.34. It opened at 40.46/47 and saw an intra-day low of 40.52 due to the decline in stock market before ending the day at 40.41. Market participants expect the rupee to trade in the 40.25-40.50 range. In forwards, the six-month premia closed at 1.75 per cent (1.74 per cent) while the 12-month closed at 1.80 per cent (1.79 per cent).