The Indian rupee pulled back from the day's low on Tuesday, buoyed by gains in the euro, although defence-related dollar buying and local share losses pinned it in negative territory. The partially convertible rupee ended at 52.0150/0250 per dollar, 0.12 weaker than its 51.9550/9650 previous close, after touching the day's low of 52.13.
The one-month offshore non-deliverable forward contracts were quoted at 52.35. The one-month onshore forward dollar premium was at 29.25 points from 27.50 on Monday, the three-month was at 63.50 points from 63, and the one-year premium was at 164.25 points, from 162. In the currency futures market, the most traded near-month dollar-rupee contracts on the National Stock Exchange were at 52.2825, while those on the MCX-SX and the United Stock Exchange were both at 52.2850. Total volume was at $3.91 billion.
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