Rupee Ends At 40.52 Against Dollar

Mumbai: The rupee increased against the greenback on March 18, as traders were selling dollars and unwinding their positions ahead of the US Federal Open Market Committee (FOMC) meeting on March 18. The home currency opened stronger at 40.64/66 and strengthened through the day to finally end at 40.50/ 52, against the previous close at 40.72/73. In the forward premia market, the 6 month closed at 1.76 per cent (1.54) and the 12 month ended at 1.27 per cent (1.14).