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Our Bureau

Mumbai, Jan. 25

Rupee gained by almost four paise on Thursday tracking the yen's movement against the dollar.

"The rupee strengthened on strong FII inflows into the domestic equity market," said a dealer at a private bank. The currency opened at 44.26/27, touched an intra-day high of 44.21/22 and finally closed at 44.23/24 against 44.28/29 on Wednesday. "The rupee is expected to trade in the range of 44.15-44.25 next week,'' said the dealer. The six-month forward premia closed at 3.97 per cent (3.79 per cent) and the one-year closed at 3.31 per cent (3.2 per cent).

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