Rupee Ends At 42.74 Against Dollar - June 26, 2008

The rupee increased by about 23 paise after the Reserve Bank of India hiked repo rate and CRR. The rupee opened at 42.88/90 and reached the day''s low of 42.92/93, before closing at 42.73/74, higher from the previous close of 42.96/97. In the forward premia market, the six month closed at 4.51 per cent (4.3 per cent) and the 12-month at 4 per cent (3.83 per cent).