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Our Bureau

MUMBAI: The rupee ended up marginally higher against the dollar on Monday amid good bids. The Indian currency opened at 43.73 levels against the US currency and closed slightly higher at 43.77 levels. It had finished at 43.81/82 levels at the end of the previous week.

According to a dealer in the market, there were good volumes traded at 43.75 levels. The rupee hit a high of 43.7725 levels during the day, with its low at 43.71 levels.

"The rupee/$ traded in a narrow range and maintained a firm trend through the day. There was not much supply of dollars and the small amounts entering the market were quickly absorbed," said a dealer in the forex market.

The six-month forward closed up at 2.25 per cent after opening at similar levels. On Thursday, it had closed at 2.44 per cent. The 12-month forward closed at 1.82 per cent in a range-bound forwards market.

Sentiment in the debt market remained negative with crude oil prices ruling high. Liquidity was good with LAF at Rs 17,000 crore.

The benchmark 7.38 paper closed at 6.75 per cent after opening at similar levels. It had ended at 6.71 per cent during the previous session. According to a dealer in the debt market, there was not much action with very few triggers for the market.

Call rates ruled easy at 4.70-4.80 levels amid good supplies.

The CBLO market witnessed 120 trades amounting to volumes of Rs 5,249.65 crore in the rate range of 4.657 per cent to 5.25 per cent.

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