The rupee ended lower against the dollar on April 23 as there was offshore-related purchasing and short covering by traders. The rupee opened at 39.95/96 and reached a low of 40.08, before closing at 40.05/06, against the previous close of 39.95/96. The six-month premia closed at 2.33 per cent (2.86 per cent) and the 12-month at 1.99 per cent (2.26 per cent).
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