FII inflows hold key for forex mart

OUTLOOK

Forwards are likely to move in the same range this week too. On Friday, the six month annualised forward closed at 0.14 per cent, while the one-year forward closed at 0.33 per cent.

The six-month forward, on December 5, closed at 0.08 per cent and one-year at 0.27 per cent. According to dealers, the six-month forward will move in a range of 0.10-0.25 per cent and one-year will move in a range of 0.30-0.45 per cent.