Indian rupee erased its early losses and ended significantly higher against dollar on Friday tracking a positive trend in domestic equities for six consecutive day. Sentiments remained upbeat after Commerce Secretary Sunil Barthwal stated that there is a huge scope for India to move in the global value chain systems and have high value-addition in global exports. India's share in global exports is less than 2 per cent. So, huge potential is there to boost the shipments despite global headwinds and low trade growth predictions. On the global front, the yen was on track for its 10th straight weekly decline against the relentlessly strong dollar on Friday, while sterling fell as political turmoil once again gripped Britain. The dollar gained across the board, also pushing the Swiss franc to its lowest level since May 2019.
Finally, the rupee ended at 82.67 (Provisional), stronger by 12 paisa from its previous close of 82.79 on Thursday. The currency touched a high and low of 82.91 and 82.59 respectively.
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