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MUMBAI: The domestic currency closed 8 paise higher at 45.72/73 in its value against the dollar on Monday. The rupee seemed to be on an uptrend, said dealers.

The currency opened the day at 45.79/80 and closed at its intra-day high. There were good supplies through FIIs, which led to the rupee appreciation. The central bank was seen intervening intermittently with some corporate demand in between, according to market participants.

The forwards market saw thin volumes, with most players were staying away. The six months forward closed at - 0.23 per cent (-0.1 per cent) and the one-year closed at 0.14 per cent (0.15 per cent).

G-sec prices were seen heading downward by 40-85 paise. Volumes were low at Rs 3,000 crore and many state-run banks were seen in a selling mode, said dealers.

The 7.27 per cent 2013 paper opened at Rs 116.00 and closed at Rs 115.60, offering a corresponding yield of 5.21 per cent. The 8.07 per cent 2017 paper opened at Rs 122.30 and closed at Rs 121.45.

There was a surplus of liquidity with inter-bank call money rates going at 3.50-4.50 per cent and plenty of amounts going into the LAF window.

Through the repo window, the central bank absorbed as much as Rs 25,745 crore through 52 bids and Rs 6,345 crore through the 14-day repo at 4.5 per cent.

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