The Indian rupee recovered from a near two-week low on Friday tracking sharp gains in domestic shares in late trade and boosted by some dollar inflows from a large pharmaceutical company. The partially convertible rupee closed at 45.68/69 per dollar, slightly stronger than Thursday's close of 45.725/735. The rupee traded in a band of 45.6450 to 45.7825 during the day.
On the week, the rupee shed 0.2 percent. One-month offshore non-deliverable forwards contracts were at 45.97, weaker than the onshore spot rate. In the currency futures market, the most traded near-month dollar-rupee contracts on the National Stock Exchange, MCX-SX and the United Stock Exchange closed at 45.7875, 45.7850 and 45.7925 respectively with the total traded volume at $6.2 billion.