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Mumbai, July 6 The rupee weakened by almost two paise on RBI’s intervention in the forex market. The home currency opened at 40.46, touched an intra-day low of 40.49 and finally closed at 40.45, against the previous day’s close of 40.43. “The rupee gained from the levels of 41 to 40.45 due to strong FII inflows into the domestic stock markets but soon pared its gains on dollar buying by some public sector banks,” said the dealer. Dealers said RBI would like to restrict the rupee in the range of 40.60-40.70. In forwards, the six-month premia closed at 2.48 per cent (2.28 per cent) and the 12-month ended at 2.37 per cent (2.27 per cent). —

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