Indian rupee pared early gains in late trade as dollar demand intensified amid the greenback’s partly recovery against major Asian currencies.
The partially convertible rupee was at 49.82/83 per dollar at 4.00 p.m, off an intra-day high of 49.55, it’s highest since April 16, but still stronger than Wednesday's close of 50.04/05.
The dollar index .DXY, a gauge of the dollar's performance against six major currencies, was up 0.1 percent.
The currency market was shut on Thursday and Friday.
