Bank Of India Was Seen Selling At Levels - Sep 25, 2008

The rupee opened at 45.75/77 and closed at 45.95/96, down 50 paise from the previous close of 45.44/45. A forex dealer with a private bank said that Reserve Bank of India was seen selling at levels of 46.10. A dealer with a large PSU bank said the bank only covered its customer transactions and stayed away from the regular trading in the forex market. In the forward premia market, six-month closed at 1.62 per cent (1.6 per cent) and the 12-month closed at 1.33 per cent (1.34 per cent).