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Mumbai, July 5

The rupee strengthened by two paise on Thursday against the greenback on strong FII inflows into the market. The home currency opened at 40, which was also the intra-day high and saw a low of 40.51 before ending the day at 40.43, marginally up from the previous close of 40.45. “The central bank was seen buying dollars through the state-run banks to cap the appreciation of rupee,” said a dealer with a private bank. In forwards, the six-month premia closed at 2.2 8 per cent (2.09 per cent) while the 12-month closed at 2.27 per cent (2.18 per cent). —

Our Bureau

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