Rupee Ends At To 39.80 Against Dollar

Demand for dollars from oil companies and abroad investors plowing back profits, coupled with heavy intervention from the central bank, saw the rupee end the day at 39.80 levels against the dollar. The rupee had tested these levels more than a month ago. The rupee increased to as high as 39.58 levels during the day. Rates in the repo market ended at 6.95% and the CBLO market ended at 7.94% levels.