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The rupee was trading strong by 30 paise to 59.28 against the dollar at 4.54 p.m. local time at the Interbank Foreign Exchange market on Friday on fresh dollar selling by banks and exporters.
The domestic unit shed 16 paise to 59.74 on Friday against the dollar in the opening trade versus the previous close of 59.58.
The Indian rupee is expected to remain vulnerable on the back of US Fed Chief’s statement that the central bank may stop its monetary stimulus if the economy recovers, triggering outflows from the Indian and other emerging markets.
The domestic currency also continues to face challenges from India’s rising current account deficit (CAD) and macro0economic indicators, said dealers.
The interbank call money rates opened flat at 7.35 per cent from their previous close.
The 8.15 per cent government security (G-Sec), which matures in 2022, opened lower at 103.10. Yields hardened to open at 7.66 per cent.
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