Rupee Closes At 48.25 Against Dollar - Oct 14, 2008

After crossing the 49-mark last week, the rupee regained against the dollar on Oct 13, though the intra-day movement was range-bound. The rupee o pened at 48.35 and ended at 48.25, against Oct 10 close of 48.46. During the day, the rupee reached a high of 48. In the forward premia the six-month closed at 0.45 per cent, while the 12-month closed at 0.39 per cent.