Rupee Closed At 40.48 Against Dollar

The rupee appreciated by around 7 paise against the dollar on Sept 18, tracking the gains made in the stock market. The currency opened at 40.56/57 and reached an intra-day low of 40.62. It finally closed at 40.48 against the previous close at 40.55/56. In the forward premium market, the six-month closed at 1.76 per cent (1.72) and the 12 month at 1.82 per cent (1.77).