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The rupee on Friday ended marginally higher at 54.81 against the dollar on mild dollar selling by exporters and flat domestic equity markets.
On Thursday, the Indian unit had declined 44 paise to a near one-month low of 54.85. Friday, the unit opened higher at 54.80 to the dollar on a firm euro and flat domestic equity markets.
Intra-day, the rupee moved in a narrow range of 54.77 to 54.89 per dollar on the Interbank Foreign Exchange market.
Exporters sold dollars to book profits on Thursday’s fall in the Indian currency.
However, persistent growth concerns amid political uncertainty and capital outflows by foreign investors are likely to continue to put pressure on the rupee.
Call Rates, G-Secs surge
The inter-bank call money rates closed higher at 7 per cent from its previous close of 6.85 per cent on Thursday. It had opened higher at 7.60 per cent.
The 8.15 per cent government security, which matures in 2022, ended higher at Rs 101.38 from Thursday’s close of Rs 101.19, while yields declined to 7.93 per cent from 7.96 per cent.
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