MUMBAI, June 17: The rupee ended firmer on Monday, at a three-session high, helped by bunched weekend dollar inflows and fading concerns that India and Pakistan will go war, dealers said.

The rupee ended at 48.9875/ 9950 per dollar, up from the previous close of 49.0000/0025.

But steady purchases at 48.9850 by state-run banks, suspected to be acting on behalf of the central bank, capped the local currency’s gains.

On Friday, the euro touched a 17-month high against the dollar before retreating on Monday.

The euro has leapt 10 per cent against the dollar since the beginning of February taking advantage of growing doubts over the appeal of US assets and concerns of a widening US current account deficit.—Reuters