Rupee closes 39.41 against dollar

Mumbai: The spot rupee market was very weak and the currency was rangebound. It moved in a narrow range of 39.39 and 39.41 during the day. On Dec 10, the rupee opened at 39.38 and closed at 39.40, almost unchanged against Dec 7, close of 39.41. In forwards, the six-month premia closed at 1.61 per cent (1.59 per cent) and the 12-month closed at 1.21 per cent (1.21 per cent).