RTRS: Rupee off 2-week high as shares give up gains
(Reuters) - The rupee was trading stronger on Friday, but off a near two-weak high hit earlier in the session as local shares gave up gains.
* At 12:45 p.m., the partially convertible rupee was at 46.670/675 per dollar, off 46.63 -- its highest since Aug. 23. It had closed at 46.7150/7250 on Thursday.
* The rupee is seen in the range of 46.60-46.80 on Friday, traders said, adding that no fresh capital inflows were expected in the day.
* The BSE Sensex was trading 0.02 percent higher after rising as high as 0.4 percent. The index of the dollar against six major currencies was down 0.04 percent and most Asian currencies were stronger against the dollar.
* Dealers are awaiting U.S. non-farm payroll data due at 1230 GMT on Friday. Economists expect a decline of 100,000 jobs overall, and a rise of 41,000 private-sector jobs in August.
* The euro and high-yielding currencies held firm on Friday after an improvement in U.S. housing and jobless claims data bolstered investor appetite.
* Reserve Bank of India Deputy Governor K.C. Chakrabarty said there are no concerns of any capital inflows as of now.
* One-month offshore non-deliverable forward contracts were quoted at 46.83, 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 at 46.83.
(Reporting by Jeanette Rodrigues; Editing by Rajesh Pandathil)
