The rupee ended stronger on Wednesday, bouncing off early lows on the back of steady capital inflows into the local stock market and helped by the dollar's weakness against the euro.
The rupee finished at 45.15/16 per dollar, off an early low of 45.3250 and recovering from the previous day's one-and-a-half week closing trough of 45.25/26.
"We saw month-end (dollar) demand in the morning, but there were good inflows to support. Also with the euro rising versus the dollar, there were some buy (dollar) cancellations," said a dealer at a private bank.
Federal bonds rose for a second straight session, buoyed by softer oil prices and the recent rally in US Treasuries on worries that US economic growth could slow in 2006.
The yield on the actively traded 8.07 percent 12-year bond fell to 7.1994 percent, from Tuesday's 7.2122 percent close.
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