Erasing previous session drubbing, Indian rupee ended considerably stronger against dollar on Friday due to fresh selling of the American currency by banks and exporters. Sentiments got support as growth of eight core infrastructure industries grew by 11.6 percent in August 2021 as compared to same month last year mainly due to an uptick in the production of cement, coal, and natural gas. Additional support came in as Nikkei India Manufacturing Purchasing Managers’ Index (PMI) - a composite single-figure indicator of manufacturing performance - stood at 53.7 in September as against 52.3 in August. On the global front; sterling was set on Friday for its third-worst week in the past year as risk sentiment soured across global financial markets while a shortage of truck drivers and a surge in energy prices disrupt and blacken the prospects of Britain's economy.
Finally, the rupee ended 74.12, stronger by 11 paise from its previous close of 74.23 on Thursday. The currency touched a high and low of 74.35 and 74.11 respectively.
