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Our Bureau

Mumbai, Dec. 1

The rupee strengthened against the dollar by almost nine paise on Friday on strong FII inflows. "The Reserve Bank of India seems to have kept off the market," said a dealer at a private bank.

The home currency opened at around 44.66/67, and traded in an intra-day range of around 44.65-70 due to moderate demand for dollars. It finally closed at 44.66 against the previous close of 44.73/74. In the forwards, the six-month premium closed at 2.10 per cent (2.18 per cent) and the one-year at 1.99 per cent (2.03 per cent).

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