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Mumbai, July 30

The rupee gained against the dollar on Wednesday tracking the upswing in the domestic stock market and the ease in oil prices. The domestic currency opened at 42.52/53 and touched an intra-day low of 42.58/59. It then appreciated to finally end at 42.36/37, against the previous close at 42.64/65. Forex dealers said that the rupee opened stronger with the overnight easing of global crude to $121 per barrel, against Tuesday’s $123 per barrel. “The Sensex gained b y 495 points, which in turn aided the positive sentiment in the forex market. Foreign banks were seen continuously selling dollars,” said a forex dealer at a private bank. In the forward premia market, the six-month closed at 4.97 per cent (5.19 per cent) and the 12-month ended at 4.14 per cent (4.27 per cent). —

Our Bureau

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