The Indian rupee ended stronger on Friday, after hitting its lowest in more than 1 week in the previous session, on back of firm domestic shares and broad dollar weakness overseas. The partially convertible rupee ended at 45.31/32 per dollar against Thursday's close of 45.48/50, a level last seen on February 15.
Intraday, the rupee moved in a 45.27-45.41 range. The one-month onshore forward premiums were at 29.75 points, against Thursday's close of 26.00 points. The one-month offshore non-deliverable forward contracts were quoted at 45.58, weaker than the onshore spot rate. In the currency futures market, the most traded near-month dollar-rupee contracts on the National Stock Exchange were at 45.5950, on the MCX-SX at 45.6000, while on the United Stock Exchange they were at 45.6075, with the total traded volume at about $7.17 billion.
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