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Rupee ends lower

MUMBAI: The rupee on Friday ended at 39.35/36 against the dollar, cheaper by five paise from the previous close of 39.30/31, following weakness in Asian equity markets and dollar buying by state-owned banks. Banks were believed to be buying dollar on behalf of the central bank in a bid to cap rupee’s continued appreciation against the dollar.

In a fairly active trade at the interbank foreign exchange market, the rupee moved in a range of 39.28 and 39.45 after resuming higher at 39.28/30. — PTI

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