Rupee strengthens against US dollar on Friday
The partially convertible currency is currently trading at 85.36, stronger by 19 paise from its previous close of 85.55 on Thursday
The Indian rupee strengthened against the US dollar on Friday on the hopes of trade deals with the US. Traders took support as the newly appointed Confederation of Indian Industry (CII) President Rajiv Memani said that the country’s economy is likely to grow 6.4-6.7 per cent during the current financial year (FY26) driven by strong domestic demand, even as geopolitical uncertainty poses downside risks.
The partially convertible currency is currently trading at 85.36, stronger by 19 paise from its previous close of 85.55 on Thursday. The currency touched a high and low of 85.50 and 85.30 respectively.
