Rupee Ends At 40.43 Against Dollar

Mumbai: The rupee ended higher against the US dollar on March 19, as it tracked the movement of the Sensex. As the equity markets opened higher following the rate cut by the US Federal Reserve, the rupee also opened higher at 40.40 and even reached 40.36. As the Sensex shed the gains, the rupee moved lower to 40.53/54. Following this, some bunched-up dollar sales by exchange companies helped the rupee gain to end the day''s trade at 40.42/43, against the previous close of 40.50/52. In the forwards market, the 6-month premia closed at 1.69 per cent (1.76 per cent) and the 12-month premia at 1.25 per cent (1.27 per cent).