Rupee Ends Flat On RBI Intervention

Rupee ended almost flat at Rs 39.79/80 against the US dollar on reports of Reserve Bank of India''s active role in weakening the value of Indian currency. The capital inflows were firm and the central bank was pushing the rupee off an intra-day peak of 39.72. At least two large state-run banks were selling dollars on behalf of their customers. The annualised premia for six month and one year forward dollars moved up to close at 1.02 per cent and 0.84 per centre respectively.