Rupee rebounds to 64.32 a dollar

The rupee on Friday bounced back after a brief overnight deviation and ended with a good 11 paise gain at 64.32 due to a fresh wave of dollar selling by exporters. Upbeat equities and robust capital inflows too helped in the rupee’s recovery, supported by heavy unwinding of US dollars by banks and corporates. The dollar’s weakness against other Asian currencies also had an impact on the trading pattern in the forex market. The rupee had ended 15 paise lower on Thursday.