The rupee ended at a one-week high on Friday, after oil and gold importers wound up their purchases of the US currency midway through the session and traders opted to unwind long dollar positions ahead of a long weekend. The rupee closed at 43.4575/4625 per dollar, a touch stronger than Thursday's close of 43.4775/4825 and well off a morning low of 43.5250. "The lack of follow-through import demand and long unwinding (of dollars) towards close took the rupee up slightly," a trading head at a private bank said. "Underlying sentiment though remains fairly cautious as the dollar is still firm overseas."
Traders said talk that capital inflows from a large software company were likely to come in next week also helped the rupee.
"With a long weekend coming up, the market sold off. Rumours about the Infosys money coming in soon also saw the bids (for dollars) disappear," a dealer at a foreign bank said.
Banks in India's financial hub, Mumbai, will be closed for a local holiday on Monday.
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