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Rupee firms up against dollar

MUMBAI: The rupee on Friday closed stronger by five paise at 39.34/35 against the greenback on sustained exporter dollar sales and buoyant equity markets amid strong expectations of capital inflows in the new year.

Weak dollar overseas also had a sentimental impact on the domestic currency, which witnessed fairly wide movements in a range of 39.2900 and 39.3900 during the day.

In active trading at the interbank foreign exchange market, the rupee resumed better at 39.38/39 and gradually surged against the dollar over Thursday’s close of 39.39/40. — PTI

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