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Our Bureau

Mumbai, May 3

Rupee strengthened by around 8 paise against the greenback to close at 41.10 on Thursday against the previous close of 41.18. "Strong FII inflows contributed positively to the strengthening of rupee," said a dealer with a private bank.

The domestic currency opened at 41.27 and saw an intra-day low of 41.28. Market participants expect rupee to trade in the 41.30-41.40 range this week. In forwards, the six-month premia closed at 5.96 per cent (6.06 per cent) while the 12-month closed at 4.82 per cent (4.85 per cent).

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