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Rupee recovers smartly
MUMBAI:
The rupee recovered smartly against the U.S. currency on Friday on good foreign portfolio investment inflows as foreign institutional investors continued to make good buying in equities at the stock market.
At the interbank foreign exchange market here, the Indian unit opened higher at 44.2125/22 a dollar against Wednesday's close of 44.2450/2550 a dollar and after moving in a range of 44.1850 and 44.2400, closed at 44.1850/1950 a dollar.
FIIs have already invested a whopping Rs. 2,300 crore in shares during the first four days of the month, dealers said.
PTI
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