Choppy domestic shares on Monday pulled the Indian rupee off its one-week high touched earlier on robust dollar inflows and gains across most Asian currencies. The partially convertible rupee ended at 45.07/08 per dollar, after hitting 45.04 - its strongest since May 20, and 0.2 percent higher from 45.16/17 on Friday.
The one-month onshore forward premium was at 24.50 points versus 22.50 last close. The three-month was at 69.75 points against 71 and the one-year was at 257.25 points versus 269.50. The one-month offshore non-deliverable forward contracts were quoted at 45.31, weaker than the onshore spot rate. In the currency futures market, the most traded near-month dollar-rupee contracts on the National Stock Exchange, the MCX-SX and the United Stock Exchange were at 45.3050, 45.2975, 45.3025 respectively. Total volume was $4.92 billion.
Comments
Comments are closed.