Rupee Ends At 39.30 Against Dollar

Mumbai: The rupee appreciated due to strong inflows and reached a high of 39.20 during day trade. According to a forex dealer, the rupee would have appreciated more if the RBI had not intervened at that level. On Jan 7, the rupee opened at 39.33/34, the same as Jan 4, close and reached a high of 39.20/21 during the day. The RBI intervened at these levels and the rupee ended at 39.29/30, four paise higher from the previous close. The rupee had last reached 39.18 on November 1, 2007. In the forward market, the six-month premium closed at 1.74 per cent (1.82 per cent) and the 12-month ended at 1.39 per cent (1.38 per cent).