Rupee closes at twelve-week high against US dollar
Mumbai: The Indian rupee closed at a twelve-week high against the US dollar as foreign inflows returned to India in the wake of better earnings and the return of risk appetite.
Traders are cautious ahead of the US jobs data due later on Friday. This was the eight consecutive sessions when the rupee closed higher.
The home currency closed at 67.32—a level last seen on 11 November 2016, up 0.1% from its previous close of 67.38. The local currency opened at 67.34 a dollar and touched a low of 67.29 — a level last seen on 11 November 2016.