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Our Bureau

Mumbai, June 14

The rupee crept up by around 5 paise against the dollar tracking the bullish domestic stock market. The domestic currency opened at 40.81/83, up from Wednesday's close of 40.98. It touched an intra day low of 40.96/97 but finally closed the day at 40.91/92.

Dealers said the rupee moved between 40.86 and 40.88 for most of the day. "The rupee opened higher in anticipation of a bullish stock market as globally, stock markets have been registering strong gains," said a dealer at a private bank. In forwards, the six-month premium closed at 3.05 per cent (3.23 per cent) and the 12-month ended at 2.85 per cent (3.01 per cent).

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