Rupee Decreased Against The Dollar - Oct 4, 2008

The rupee decreased by around 47 paise against the dollar. The day witnessed high volatility with the rupee moving intra-day in the range of 45 paise. The domestic currency opened lower at 47.16/18 and weakened to reach an intra-day low of 47.27/28. It then recovered to reach an intra-day high of 46.82/84 before weakening again to close at 47.08/10, as against the previous ended of 46.61/62. In the forward market, the 6-month premium closed lower at 0.44 per cent and the 12-month ended at 0.57 per cent.