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Mumbai, Aug. 7

The rupee ended flat at 40.41-42 against the dollar on Tuesday against the previous close of 40.41. The rupee opened at 40.35-36, which was also the intra-day high and closed at 40.41-42. It opened strong due to the recovery in domestic stock market. It, however, could not hold on its strength for long due to some dollar buying by foreign banks. In forwards, the six-month premia closed at 1.63 per cent (1.75 per cent), while the 12-month closed at 1.73 per cent (1.80 per c ent).

— Our Bureau

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Postal financial services are developing at a rapid rate

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