Rupee Ends At 39.96 Against Dollar

The rupee was range-bound against the dollar on April 22 as banks were wary of taking positions ahead of the monetary policy. The rupee opened at 39.94/95 and ended at 39.95/96, the same as the previous close. In the forward premia, the six-month premium closed at 2.86 per cent (3.09 per cent) and the 12-month at 2.26 per cent (2.38 per cent).