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Mumbai, July 26

The rupee ended flat at 40.35 on Thursday. The home currency opened at 40.35 and saw an intra-day high of 40.28 due to some selling but subsequently went up to close at 40.35. “The nationalised banks were buying dollars and that weakened rupee,” said a dealer with a private bank. In forwards, the six-month premia closed at 0.96 per cent (1.14 per cent) and the 12-month at 1.3 per cent (1.41 per cent).

— Our Bureau

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