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Friday, Apr 13, 2007
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 Money & Banking - Forex
Rupee ends higher

Our Bureau

Mumbai, April 12

The rupee opened at 42.94/95 against the dollar, which was also the intra day low, and closed at 42.84 on Thursday against the previous close of 42.87. "The rupee saw a two-way movement today," said a dealer with a private bank. Market participants expect the rupee to trade in the 42.75-43 range. In the forwards, the 6-month premia closed at 5.36 per cent (4.93 per cent) and the 12-month closed at 4.20 per cent (3.99 per cent).

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