The Indian rupee nudged up on Wednesday supported by dollar inflows, but a pick-up in greenback buying by local companies and fears of profit-booking after last month's sharp rally kept the mood jittery. The rupee ended at 49.15/16 to the dollar, marginally up from Tuesday's close of 49.19/20, after moving in a wide 48.9850-49.2550 band, an indication of the fragile sentiment.
The one-month offshore non-deliverable forward contracts were at 49.47. 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 all around ended around 49.38, on total volume of $5.19 billion.
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