Indian rupee after making flat start, recouped bit of ground and ended tad stronger against dollar on Friday on account of sustained dollar sales by banks and exporters in view of dollar’s weakness overseas. However, profit-booking into local equities for second straight session also weighed on the sentiment. Nevertheless, gains of euro aided the local unit. On the global front, euro inched up against the dollar on Friday and was on track for its best weekly performance in 18 months, boosted by a sell-off in the greenback after the US Federal sounded a cautious tone on interest rates.
Finally the rupee ended at 62.47, stronger by 4 paise from its previous close of 62.51 on Thursday. The currency touched a high and low of 62.58 and 62.43 respectively.
Finally the rupee ended at 62.47, stronger by 4 paise from its previous close of 62.51 on Thursday. The currency touched a high and low of 62.58 and 62.43 respectively.
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