The Indian rupee ended marginally down on Wednesday, weighed by muted dollar inflows, choppy shares and oil importers' dollar demand, after gaining earlier in the day tracking Asian peers. The partially convertible rupee ended at 45.45/46 per dollar, marginally below Tuesday's close of 45.42/43 after moving in 45.3025-45.4700 band. It is expected to move in a 45.20-45.50 band on Thursday.
One-month offshore non-deliverable forward contracts were quoted at 45.77, weaker than the onshore spot rate. In the currency futures market, the most traded near-month dollar-rupee contracts on the National Stock Exchange, United Stock Exchange, the MCX-SX closed at 45.5450, 45.5475 and 45.5350, respectively. Total traded volume on the three exchhanges was about $5.5 billion.
Comments
Comments are closed for this article.