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Our Bureau

Mumbai, July 30

The rupee weakened by five paise against the dollar on Monday due to dollar demand from oil companies to meet their month-end demands. The home currency opened at 40.56 and saw an intra-day high of 40.44 due to some dollar selling, before ending the day at 40.55, down from the previous close of 40.50/51. In forwards, the six-month premia closed at 1.04 per cent (1.27 per cent) while the 12-month closed at 1.26 per cent (1.43 per cent).

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