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 Money & Banking - Forex
Re gains 7 paise on FII inflows

Our Bureau

Mumbai, Nov 3

The rupee strengthened by around seven paise against the dollar on Friday on the back of FII inflows into the stock markets. "Since August there has been a good amount of FII inflows, which has helped the rupee," said a dealer at a private bank.

The home currency opened at 44.90/91 and closed at 44.82. On Thursday, the rupee had closed at 44.89. In forwards, the six-month premium closed at 1.98 per cent (1.88 per cent) and the one-year premium at 1.84 per cent (1.78 per cent).

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