Rupee closes 29 paise stronger against US dollar at 64.83

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MUMBAI, OCT 23: Snapping its two-day losing streak, the Indian rupee on Friday strengthened 29 paise at 64.83 against the US dollar on fresh selling of the American currency by banks and exporters in view of gains in the local equity markets and Asian currencies markets. The domestic currency opened sharply higher at 64.80 as against Wednesday’s closing level of 65.12 at the Interbank Foreign Exchange (forex) market, and hovered in the range of 64.95 and 64.77 before closing at 64.83, showing a gain of 29 paise.
In forward market today, the premium for dollar inched up on mild paying pressure from corporates.
The RBI fixed the reference rate for the dollar at 64.8815 and for the euro at 72.0639.
The rupee firmed up against the pound sterling to finish at 99.88 from 100.64 previously and also moved up against the euro to 71.98 from 73.92.
The domestic currency ended higher against the Japanese unit to close at 53.71 per 100 yen from 54.26.

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