Mumbai: Rupee on Friday closed at 61.44 versus US dollar, up 29 paise or 0.47 per cent.
Rupee on Friday opened down at 61.85 vs US dollar against Thursday's close of 61.73 vs US dollar
The rupee on Thursday had gained 73 paise or 1.17 per cent to end at at an almost seven-week high of 61.73 against the dollar on Thursday as the US currency weakened globally following the budget impasse in Washington and fears of the Fed tapering its stimulus programme receded.
The rupee on Thursday was at the highest level since August 16, when it closed at 61.65 against the dollar. Finance Minister P Chidambaram has said the value of the rupee based on the real effective exchange rate was 59-60 to a dollar.
"The gains were mainly attributed to the sharp weakness in the US dollar index and strength in the euro," said Abhishek Goenka, CEO of India Forex Advisors. "The US dollar weakened globally following a failure by US lawmakers to
resolve a budget impasse."
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