The rupee ended about 13 paise lower against the dollar on Aug 4, due to dollar purchasing by oil companies and news of Iran going ahead with its nuclear programme. The rupee opened at 42.45/46 and reached a high of 42.34. However, following this, the rupee fell continuously and ended at 42.48/49, lower from the previous close of 42.35/36. The forward premia also moved lower with the six-month closing at 4.22 per cent (4.6 per cent) and the 12-month closing at 3.54 per cent (3.88 per cent).
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