Rupee Closes At 39.49 Against Dollar

Mumbai: The rupee mirrored the movement of the stock market on Jan 22 and gained about six paise against the US dollar. The rupee opened weaker at 39.70/72 and closed at 39.49 against the previous close of 39.55/56. The Reserve Bank of India probably sold dollars when the rupee touched the day''s low at 39.75. In the forwards market, the six month-premia closed at 1.79 per cent (1.74 per cent) and the 12-month at 1.45 per cent (1.43 per cent).