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Our Bureau

Mumbai, Dec. 5

The rupee gained by almost nine paise on Tuesday on good dollar supplies in the market. "In the earlier part of trading, nationalised banks were seen selling dollars," said a dealer at a private bank.

FII inflows into the domestic stock markets also pushed the rupee higher. The home currency opened at 44.57, touched an intra-day high of 44.59, to finally close at 44.53, against the previous close of 44.62 on Monday.

The rupee also tracked a stronger yen against the dollar, said the dealer. In forwards, the six-month closed at 2.18 per cent (2.26) and the 12-month ended at 2.06 (2.1 per cent).

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