Rupee Appreciates Against Dollar

The rupee further appreciated against the greenback on the back of strong dollar inflows. The rupee opened at 40.51/52 and rose during the day to finally end at 40.44/45, against Tuesday''s close 40.56. Dealers said the rupee appreciated as banks continued to sell dollars during the day. In the forward premia market, the 6-month closed at 1.60 per cent (1.58) and the 12-month ended at 1.70 per cent (1.71).