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Our Bureau

Mumbai, June 2

The upswing in the domestic stock market as well as global weakening of the dollar was reflected in the recovery of the rupee, which gained by around 45 paise against the greenback. The home currency opened higher at 45.26/28, against Thursday's close of 46.35/36.

It appreciated through the day to finally end at 45.90/91. Dealers said that the dollar weakened against other major currencies due to unfavourable data on industrial production. "Global factors as well as the upturn in the domestic stock market have aided the rupee in trimming its losses.

Exporters as well as corporates have been selling dollars at levels above 46,'' said a dealer at a private bank. In the forward premia market, the 12-month closed at 0.88 per cent (0.85) and 6 month ended at 0.68 per cent (0.66).

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