The Indian rupee traded in a wide range before closing marginally higher on Thursday as capital inflows from a large company were offset by dollar demand from oil refiners and importers. The partially convertible rupee ended at 44.35/36 per dollar, not far from Tuesday's close of 44.38/39, after trading a wide range of 44.21 to 44.53 during the session.
One-month non-deliverable forward contracts were quoting at 44.42/52, weaker than the onshore rate. In the newly launched domestic futures market, the one-year contract closed at 45.50 per dollar and the most heavily traded one-month contract ended at 44.45.