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Our Bureau

Mumbai, Sept. 11

The rupee slid against the greenback on extensive demand for dollars from domestic oil companies.

Dealers said that the home currency tracked the movement of yen against the dollar. "Yen weakened against the green back due to technical reasons," said a dealer at a private bank.

The home currency opened at 46.24/26, touched an intra-day low of 46.31 and finally ended at 46.30. On Friday, the rupee closed at 46.22/23.

"There were also some gold-related buying from importers, which impacted the rupee," the dealer said. "The weakening of the domestic equity markets also put a pressure on the rupee," he added. In forwards, the six-month premium ended at 1.39 per cent (1.34 per cent) and the 12-month premium at 1.37 per cent (1.33 per cent).

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