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Our Bureau

Mumbai, April 9

The rupee traded around the eight-year high mark and strengthened marginally on Monday to close at 42.91 against the dollar. The currency opened at 42.92, saw an intra-day high of 42.75 before closing at 42.91 against Thursday's close of 42.93. The Reserve Bank of India was seen in the market around the 42.75 mark," said a dealer with a private bank. "FII inflows helped maintain a strong rupee, " the dealer added.

Market participants expect the rupee to trade in the range of 42.80 - 43.20. In forwards, 6-month premia closed at 5.13 per cent (5.41) and 12-month closed at 4.08 per cent (4.27).

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Rupee gains marginally

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