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Mumbai, Aug. 30

The rupee fell against the greenback on Thursday on the back of heavy corporate demand for dollars. The domestic currency opened at 41, dipped to touch an intra-day low of 41.18 and finally ended at 41.16, against the previous close at 41.10/11. Dealers said the home currency opened strong tracking the buoyancy in the global stock markets but lost its gains as there was sustained dollar demand. “There was strong month-end demand from importers. The rupee is likely to be range bound in the next few days,” said a dealer at a private bank. In forwards, the six month closed at 1.22 per cent (1.07) and the 12 month ended at 1.29 per cent (1.15).

— Our Bureau

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