The Indian rupee ended weaker on Monday, dragged down by weak local shares, but it crawled back from the day's trough aided by gains in the euro. The partially convertible rupee ended at 45.04/05 per dollar, 0.1 percent weaker than its closing of 44.98/99 on Friday.
One-month onshore forward premiums were trading at 27.50 points versus 25.50 points on Friday, while the three-month premiums were at 76.50 points and the one-year at 275.00 points. One-month offshore non-deliverable forward contracts were quoted at 45.3, weaker than the onshore spot rate. In the currency futures market, the most traded near-month dollar-rupee contracts closed at 45.2300 on the National Stock Exchange and the MCX-SX, while they ended at 45.2375 on the United Stock Exchange, with the total traded volume at $7.3 billion.
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