Yield Lift For Forward Dollar, Bare Trades Bridle Spot

The spot rupee continued to be in a narrow range of 48.69-48.72 per dollar amid low trading. Premiums went up tracking the increase in the government paper yields. The Indian currency opened at 48.70/71 and strengthened by around two paise during the day to close at 48.6900/6925.

A dealer with a new private sector bank said,