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Our Bureau

Mumbai, March 21

The rupee strengthened by around 30 paise and closed at 43.45 against the dollar on Wednesday against Tuesday's close of 43.75. The rupee opened at 43.67, saw an intra-day low of 43.72, and finally closed at 43.45. "Call rates at 70 per cent is hurting," said a dealer with a private bank.

"In the morning, the Reserve Bank of India was active in the market at 43.65, and also later when the rupee was at 43.60. The latter part of the day was marked by RBI's absence," the dealer added. There was a lot of dollar selling. "Holding the dollar was a costly affair," said a dealer. In the forwards, the six-month closed at 4.73 per cent (4.41) and the 12-month ended at 3.74 per cent (3.61).

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Rupee strengthens

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