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Rupee ends lower

MUMBAI: Good month-end dollar demand and firm dollar overseas washed out rupee’s initial gains as it ended lower at 41.16/17 against the dollar on Thursday. In fairly active trade at the interbank foreign exchange, the rupee opened firm at 41.00/01 a dollar from Wednesday’s close of 41.1050/1150. It touched a high of 40.99 in morning deals following firm Asian equity markets. The rupee later turned weak and touched a low of 41.1850 before ending the day at 41.16/17, down nearly 5.5 paise over the previous close. — PTI

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