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Our Bureau

Mumbai, June 13

After a slight recovery on Monday, the rupee depreciated against the dollar in a dull market. The stock market fall and the dollar buying pushed the rupee below the previous close. On Tuesday, the rupee opened at 45.97/98 and ended trade at 46.03/04 against the earlier close of 45.92. "The spot market is sidelined right now probably because of the extreme volatility during last month," said a forex dealer. The dollar was strong against other overseas currencies, but there was no dramatic movement, the dealer said. In the forward premia market the six-month premium was at 0.9 per cent (1.06 per cent) and the one-year premium was at 1.09 per cent (1.2 per cent).

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