Rupee Closes At 46.42 Against Dollar - Sep 19, 2008

The rupee depreciated slightly against the dollar on Sept 18, pulled down by the meltdown in world indices. The domestic currency opened lower at 46.63/65, and weakened further to reach an intra-day low of 46.79. It recovered to end at 46.41/42, against the previous close of 46.34/35. In the forward market, the 6-month premium closed lower at 0.63 per cent and the 12-month ended at 0.63 per cent