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Our Bureau

Mumbai, Feb 2

The rupee ended on Friday close to a year's high on strong FII inflows. The currency opened at 44.10/11 against the dollar, touched an intra-day low of 44.15 and intra-day high of 44.08, before finally ending at 44.11/12, against the previous close of 44.18/19. "Because of the holidays, inflows were strong into the market," said a dealer at a private bank.

"The RBI was not seen in the market today but it is likely that it may intervene soon to stop the rupee from gaining." Dealers expect the rupee to touch 44 next week. The six-month forward premia closed at 3.42 per cent (3.52 per cent) and the one-year closed at 3.03 per cent (3.08 per cent).

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Rupee ends close to year's high

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