The spot rupee opened strong at 39.44/45, compared with Jan 23''s close of 39.55, on expectations of FII inflows following the 75 basis point cut in US Fed rates. The rupee finally ended at 39.57/58 to a dollar. The premium on six month and one year forward dollars closed at 1.92 per cent and 1.54 per cent as against 1.70 per cent and 1.45 per cent on Jan 22.
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