Mumbai: The rupee down a tad against the dollar tracking the weakness in the domestic stock market. The domestic currency opened weak at 39.40/41 and fell to an intra-day low of 39.47/48. It ended the day at 39.38/39, against the previous close at 39.36/37.
Dealers said that there was a lot of bunched up demand for dollars from public sector banks, on account of the strike on Jan 25. In the forwards market, the 6 month premium closed at 2.18 per cent (2.12) and the 12 month premium ended at 1.79 per cent (1.76).
Dealers said that there was a lot of bunched up demand for dollars from public sector banks, on account of the strike on Jan 25. In the forwards market, the 6 month premium closed at 2.18 per cent (2.12) and the 12 month premium ended at 1.79 per cent (1.76).
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