Mumbai : The Indian rupee on Friday gained 28 paise, notching up its best daily gain in a month, to end strong at 60.65 against the Greenback on heavy dollar selling by banks and exporters amid positive cues from equity markets.
A weak dollar overseas and capital inflows also helped the rupee rally for the second straight day, forex dealers said. This helped the rupee to end with gain of 26 paise for the week, the sixth straight weekly rise.
Against its major global rivals, the dollar index was trading lower by 0.03 per cent. This was ahead of some economic data and Fed’s meeting on rates early next week.
At the Interbank Foreign Exchange (Forex) market, the domestic currency commenced lower at 60.97 a dollar from last close of 60.93 and immediately touched a low of 61.03.
It, later rebounded on dollar selling by exporters and some banks amid better domestic stocks to a high of 60.6450.