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 Money & Banking - Forex
Rupee flat in range-bound market


Mumbai, July 1

The rupee was flat on Wednesday in a range-bound market. The domestic currency opened at 48.05 and strengthened to touch an intra-day high of 47.88. It closed at 47.90/92, same as the previous close. The rupee opened lower but gained tracking the positive domestic equity markets, said a dealer with a public sector bank. In the overseas markets, the dollar was trading in a range against other major currencies. In the forward premia market, the six-month premium closed margi nally higher at 2.68 per cent (2.61 per cent) and the one-year closed at 2.40 per cent (2.37 per cent).

— Our Bureau

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