The Indian Rupee on Monday pared gains after rising to a 25-month high against the US Dollar, as a stock market advance cooled off. But, the partially-convertible Indian currency still managed to end above the 45-per-dollar mark.
The rupee ended at 44.97/98 per dollar, after hitting 44.94/95, its strongest since Sept. 10, 2008. It opened at 45.2825 as against Friday's close of 45.23/24.
The BSE Sensex closed at 17,711 after hitting day's high of 17,793 and the NSE Nifty shut shop at 5303 after touching a high of 5329.
One-month offshore rupee contracts in the non-deliverable forward market were quoting at 45.10, weaker than the onshore spot rate.
In the currency futures market, the most traded near-month dollar-rupee contracts on the National Stock Exchange and MCX-SX were both quoting at 45.08.
Meanwhile, the dollar index was down 0.5%. Almost all Asian units were stronger compared to the greenback.
