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Mumbai, Nov. 10

The rupee gained on positive sentiment as the domestic stock market surged. The rupee opened higher at 47.30/32 as Asian stocks were positive. Dollar selling by corporates pushed the rupee up to the day’s high of 47.17. As this was followed by oil companies buying dollars, the rupee fell to the days’ low of 47.45. It ended trade at 47.37/39, higher by about 25 paise from Friday’s close of 47.62. For major part of the day, the rupee traded in a range of 47 .30-47.45, said a forex dealer with a public sector bank. . “Oil companies are still buying dollars, but not as desperately as they were buying earlier,” he added. In the forward premia market, the six-month premium closed at 3.4 per cent and the 12-month closed at 2.57 per cent. —

Our Bureau

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