The Hindu Business Line : Rupee ends marginally down

The rupee ended a tad lower on Monday at 39.97, against the previous close of 39.95, as the dollar inflows were moderate, said forex dealers. The rupee opened at 39.93/94 and saw steady trade for most of the day. The gains made by the stock market also helped the rupee gain and reach a high of 39.89 during day trade.

Towards the end of trade, dollar buying by public sector banks weakened the rupee, said the dealer.

In the global market, the dollar recouped the losses it saw on Friday and was steady against most currencies. The forward premia were a little lower, probably due to excess liquidity, with the six-month premium closing at 2.11 per cent (2.48 per cent) and the 12-month at 1.56 (1.75 per cent).

— Our Bureau

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