The Hindu Business Line : Rupee tad higer

The rupee strengthened by about three paise against the greenback on Tuesday. The home currency opened at 39.62/64 and saw an intra-day low of 39.69 before ending the day at 39.66/67, up from the previous close of 39.6950/ 70.

Foreign exchange dealers said that the rupee will continue take cues from the global markets and will see some strengthening once there is recovery in global markets. In forwards, the six-month premia closed at 0.60 per cent (0.85 per cent) and the 12-month closed at 1.02 per cent (1.14 per cent). - Our Bureau

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