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Mumbai, Jan. 10

The rupee was almost unchanged against the dollar on Thursday as the central bank continued to intervene and buy up dollars in the forex market. The domestic currency opened at Rs 39.26/28, touched an intra day low of Rs 39.30 and closed at Rs 39.27, against the previous close at Rs 39.28.

Dealers said that foreign banks were continuously selling dollars in the market. But major public sector banks were mopping up these dollars on behalf of the Reserve Bank of India. “The rupee was range-bound through the day. If RBI had not intervened in the past few days, then the dollar supplies would have buoyed the rupee to touch 39,” said a dealer at a private bank. In the forward premia market, the 6-month closed at 1.75 per cent (1.57) and the 12-month at 1.41 per cent (1.32). – Our Bureau

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