The rupee 1-year forward premium was trading at 510 points compared with its previous close of 513.25 points and not far from its all-time high of 525.25 points hit in November 2013. Traders said good paying seen in the forward markets but absence of any major sellers and a rally in the spot rupee to a near three-month high keeping forward rates marginally lower. Dollar inflows into the domestic share market and the debt market seen helping the local currency. Traders will continue to monitor flows for near-term direction.

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