Rupee Closes Flat At 40.6350

The rupee closed flat at 40.6350/6450 against the dollar on August 13. The rupee opened at 40.62/65 and touched a high of 40.53/54 in the first half, as foreign banks sold dollars. But later, it fell to end at the same levels as the previous close on dollar buying.The pressure on the rupee was relatively less today because the Sensex closed higher and the Japanese Nikkei also closed higher. The forward premia were down slightly due to the bullish rupee. The six-month premia closed at 1.89 per cent (1.9 per cent) and the 12-month at 1.85 per cent (1.94 per cent).