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Mumbai: THE rupee ended on Monday one paise higher at 47.1700/1750 against the dollar, up from its previous close of 47.1800/1900.

Demand and supplies of the dollar evenly matched, said a forex dealer in a public sector bank.

"The dollar inflow was good with the supply estimated to be $100-120 million,'' the dealer added.

There was good demand for the greenback from the oil, engineering and public sector units, said currency dealers.

The rupee moved in a narrow band between the intra-day low of 47.1750 and an intra-day high of 47.1625.

The forwards market saw further fall of 13 basis points in the six months forward and 6 basis points in the one-year forward.

The six months forward ended at 1.18 per cent (1.31 per cent) and the one-year forward closed at 1.32 per cent (1.38 per cent).

In the Government securities market, trading was lacklustre with G-sec prices moving up by 10 paise across maturities, said dealers.

Traded volumes were capped at Rs 3,000 odd crore with some buying interest coming in towards the latter half of the day.

The auction results of the State development loan for over Rs 7,000 crore are awaited.

With the liquidity abundant in the system, the auction is likely to be subscribed wholly.

The ten-year benchmark, 9.81 per cent 2013 paper closed at Rs 129.20 with a corresponding yield of 5.91 per cent after opening at Rs 129.10.

In the inter-bank call money market, the call rates closed at 4.80-5 per cent.

Through the LAF window, the central bank sucked out liquidity worth Rs 10,595 crore through 28 bids at the repo rate of 5 per cent.

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