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Mumbai, Sept. 5

The rupee strengthened by four paise against the greenback on Wednesday backed by good inflows into the market. The home currency was, however, range-bound during the day. It opened at 40.92/94 and moved in the range of 40.90-40.95 before ending the day at 40.93/94, up from the previous close of 40.97/98.

"There were good inflows into the market; it was, however, offset by the dollar demand from some oil companies," said a dealer with a private bank. In forwards, the six-month premia closed at 1.13 per cent (1.10 per cent) and the 12-month closed at 1.31 per cent (1.25 per cent). - Our Bureau

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