The Indian rupee rose to a two-month high on Monday on robust dollar sales from corporates, with gains in local shares and the euro also supporting. The partially convertible rupee ended at 44.4250/44.4350 per dollar, 0.4 percent stronger than Friday's close of 44.5825/5925, after rising as much as 44.3525, a level last seen on May 3.
one-year was at 260 points from 254.50. One-month offshore non-deliverable forward contracts were quoted at 44.58, weaker than the onshore spot rate. In the currency futures market, the most traded near-month dollar-rupee contracts on the National Stock Exchange, the MCX-SX and the United Stock Exchange were at 44.6050, 44.6100 and 44.6025 respectively. The total volume was at $9.29 billion.