Rupee appreciates against dollar on Friday
The rupee ended at 88.72 (Provisional), appreciated by 7 paise from its previous close of 88.79 on Thursday
Indian rupee appreciated against the US dollar on Friday on strength in the domestic markets and broad weakness in crude oil prices. Traders took some support as the Federation of Indian Chambers of Commerce and Industry (FICCI) in its latest survey has said that India's manufacturing sector is poised for strong growth and expansion, with 87 per cent of respondents reporting higher or same production levels for the September quarter (Q2FY26). Besides, Foreign institutional investors (FIIs) were net buyers of shares to the extent of Rs 1,308.16 crore on Thursday. On the global front, ringgit closed the week weaker against the US dollar, reflecting renewed and sustained strength in the greenback.
Finally, the rupee ended at 88.72 (Provisional), appreciated by 7 paise from its previous close of 88.79 on Thursday. The currency touched a high and low of 88.80 and 88.50 respectively.
