Rupee Ends At 39.42/43 Against Dollar

Mumbai: The rupee was range-bound against the US dollar on Oct 29. It opened at 39.38/40 and closed at 39.42/43 against the Oct 26, close of 39.45. During the day, it touched a high of 39.36 and a low of 39.46. In the overseas market, the dollar was low against the euro on expectations of a rate cut by the US Federal Reserve. In the forwards premia market, the six-month closed at 1.11 per cent (1.16 per cent) and the 12-month ended at 1.12 per cent (1.08 per cent).