Rupee Ends At 39.95 Against Dollar

The rupee ended higher by about 9 paise against the dollar on April 4 on dollar selling, even as the data on inflation released on April 4 showed prices reaching a three-year high. The rupee opened at 40 and then declined to low of 40.05 as foreign banks bought dollars. After the inflation figures were released, there was a spate of dollar selling, which took the rupee up to the day''s high of 39.93. The rupee closed at 39.9550 against the previous close of 40.04. In the forward premia market the 6-month premia closed at 2.48 per cent (2.21 per cent) and the 12-month closed at 1.75 per cent (1.71 per cent).