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Rupee ends firm at 71.85 against USD

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Mumbai | Friday, Sep 14 2018 IST
The Rupee on Friday edged up by 34 paise to 71.85 after getting an assurance from the government on Wednesday that all steps would be taken to ensure that the domestic currency does not depreciate to unreasonable levels, dealers at the Forex Market said.

In opening trade, the local unit advanced by 50 paise to 71.69 against the US Dollar in opening trade. Finally, it was finished at 71.85, gaining by 34 paise from its last close.

The market was shut for 'Ganesh Chaturthi' on Thursday. The Indian currency edged up by 84 paise in last two sessions. High oscillation was seen during the day as it registered day high and low at 71.99 and 71.52 respectively.

A strong equity market and positive macro data released on Wednesday also supported the rupee's recovery, the dealers added.

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