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Our Bureau

Mumbai, Feb. 5

The rupee ended almost flat on Monday. The home currency opened weak at around 44.13 as oil prices inched up to $58.13, touched an intra-day high of 44.15, to finally close at 44.10/11, against Friday's close at 44.11/12. "When the rupee reached the levels of 44.08, the Reserve Bank of India was seen buying dollars in the market," said a dealer at a private bank. The dollar was strong against the overseas currencies, euro and pound. "The rupee is likely to trade in the range of 44-44.20 in this week," the dealer said. The six-month forward premia closed at 3.37 per cent (3.42 per cent) and the one-year at 3 per cent (3.03 per cent).

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