Rupee Ends 39.76 Against Dollar

Mumbai: The rupee witnessed a choppy trade on Nov 29. It opened at 39.68/70 against the dollar and saw an intra-day low of 39.80 and a high of 39.66, before ending the day at 39.75/76, five paise up from the previous close of 39.80, on dollar selling by exporters. The rupee declined to an intra-day low of 39.80 on some dollar buying by nationalised banks. Foreign exchange dealers expect the rupee to trade in the range of 39.75-39.80 this week. In forwards, the six-month premia closed at 1.15 per cent (1.06 per cent) and the 12-month ended at 0.93 per cent (0.91 per cent).