Wednesday, August 22, 2007

Rupee Closed Higher At 41.08 Against Dollar

Mumbai: The rupee saw good two-way movement against the dollar on Aug 21, and closed higher at 41.08/09, about 25 paise up from Aug 17, close of 41.33/34. The rupee opened higher at 41.13 and rose to touch 40.97 on dollar selling. The forward premia did not see much action, with the six-month premium closing at 1.46 per cent (1.3 per cent) and the 12-month at 1.56 per cent (1.48 per cent).

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