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Money & Banking - Forex
Rupee gains 7 paise against dollar

Our Bureau

Mumbai, Oct. 27

The rupee strengthened against the dollar by around seven paise on strong FII inflows into the stock markets. The home currency opened at 45.22 and closed at 45.19. On Thursday, it ended at 45.26. There was little activity as the public sector banks were on strike. The rupee is expected to reach the 45.05 levels next week, said a dealer. In forwards, the six-month closed at 1.65 per cent (1.61 per cent) and the 12-month was unchanged at 1.55 per cent.

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