The Indian rupee closed higher on Friday on the back of the euro's gain against the dollar, but negative domestic shares and high oil prices checked a sharper rise. The partially convertible rupee ended at 45.13/14 per dollar, 0.1 percent stronger than its previous close of 45.18/19. It had moved in a range of 45.0500-45.1475 intra-day.
The one-month onshore forward premium was at 33.50 points, higher than 31.00 on Thursday, while the three-month premium rose to 83.25 points from 83.00 and the one-year climbed to 288.50 points from 284.50.
The one-month offshore non-deliverable forward contracts were quoted at 45.46, weaker than the onshore spot rate. In the currency futures market , the most traded near-month dollar-rupee contracts on the National Stock Exchange, the MCX-SX and the United Stock Exchange were all at 45.2075, with the total traded volume at about $7.34 billion.
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