Indian rupee ended stronger against dollar on Friday due to fresh selling of the American currency by banks and exporters. Sentiments were upbeat as Services Export Promotion Council (SEPC) said that implementation of the proposed India-UK free trade agreement will help to boost the country's services exports, particularly from legal, accounting and auditing sectors. Traders got some support after the Reserve Bank of India (RBI) in its latest report on ‘the private corporate sector performance’ has showed that the manufacturing sector recorded impressive sales growth of 41.6 per cent (y-o-y) in Q1 FY23, aided by both volume and price effects along with broad based demand expansion across industries. On the global front, dollar dipped against other major currencies on Friday, ahead of U.S. Federal Reserve Chair Jerome Powell's widely-anticipated speech at the Jackson Hole symposium.
Finally, the rupee ended at 79.84 (Provisional), stronger by 8 paisa from its previous close of 79.92 on Thursday. The currency touched a high and low of 79.94 and 79.81 respectively.
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