Indian rupee at one-week low

The Indian rupee touched a one-week low on Friday weighed down by choppy domestic equities and the dollar's rise against the euro overseas. The partially convertible rupee ended at 45.78/79 per dollar, off the day's trough of 45.83, its weakest since Jan. 8, and about 0.3 percent weaker than its Thursday's close of 45.62/63 per dollar. The rupee was little changed on the week.
"A stronger dollar has triggered importers to buy this currency because of some uncertainty whether the rupee would keep its rising momentum in the coming weeks," said a dealer with a private bank.
One-month offshore non-deliverable forward contracts were quoted at 45.75/85 per dollar, close to the onshore spot rate. In the currency futures market, the most traded near-month contracts on the National Stock Exchange and MCX-SX were both quoting at 45.83.