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 Money & Banking - Forex
Rupee weakens by three paise

Our Bureau

Mumbai, Nov. 2

The rupee weakened by around three paise against the dollar on Thursday as some banks were seen selling rupee.

The home currency opened at 44.91 and touched an intra-day low of 44.95/96, to finally close at 44.89. The rupee ended at 44.86. Dealers said the rupee also tracked the movement of the yen against the dollar, intra-day. Forward premia continued to be high. The six-month premium closed at 1.88 per cent (2.07 per cent) and the one-year closed at 1.78 per cent (1.83 per cent).

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