Indian rupee ended significantly higher against dollar on Friday owing to dollar sale by exporters and banks and tracking an uptick in domestic share markets. This was the second consecutive session when the rupee was traded higher against greenback. Sentiments remained up-beat with report that the International Monetary Fund stands ready to strengthen its dialogue and scale-up its technical collaboration with India, observing that the human tragedy is a stark reminder that the pandemic continues to be a grave threat globally. On the global front; dollar hovered around recent lows on Friday and was set to notch a modest weekly drop as traders' concerns about taper talk in Federal Reserve minutes faded, though a pullback in commodity prices and nervousness about virus outbreaks kept losses in check.
Finally, the rupee ended 72.83, stronger by 29 paise from its previous close of 73.12 on Thursday. The currency touched a high and low of 73.09 and 72.83 respectively.
