The rupee declined by around 25 paise against the greenback on heavy dollar demand from foreign banks and importers. The domestic currency broke the psychological 44 level and opened weak at 44.08/10. It declined to 44.24/25 during the day but finally closed at 44.18/19, against the previous close at 43.93/94. The 6-month forward dollar ended at 2.84 per cent (3.36) and the 12 month closed at 2.58 per cent (2.86).
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