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Our Bureau

Mumbai, Dec. 15

The rupee weakened by around five paise, tracking the movement of the euro and yen against the dollar. The home currency opened 44.70, touched an intra-day high of 44.66 to finally close at 44.70 against 44.65 on Thursday. "FII inflows into the domestic equity markets helped the rupee to gain initially," said a dealer at a private bank.

The market is expecting the US data on consumer price index, which will decide dollar movement against overseas currencies. Dealers hope the rupee will trade in the range of 44.65-70 next week. In forwards, the six-month closed at 2.94 per cent (3.08 per cent) and the 12-month ended at 2.52 per cent (2.63 per cent).

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