Rupee closed at 40.14 - 3/27/2008 10:14:43 AM
Mumbai: The rupee was tad against the dollar. According to the source, dollar buying by oil companies caused the rupee to close lower. The rupee opened at 40.17 and closed at 40.14, against the previous close of 40.12. It traded in the range of 40.09 and 40.17 during the day. In the overseas market, the dollar depreciated against all currencies except the sterling. The euro saw a huge rally against the dollar because the confidence numbers were better than expected and due to statements that there would be no rate cut. The six-month premia closed at 1.74 per cent (1.61 per cent) and the 12-month premia ended at 1.29 per cent (1.23 per cent).
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