Indian rupee settled higher against dollar for third consecutive day on persistent selling of the American currency by exporters. Sentiments were upbeat with report that India Inc expects private capex to gain further momentum in the short to medium term, as it sees green shoots of revival in sectors like real estate, construction, logistics and chemicals, among others. Besides, private report stated that India consumer price inflation likely cooled to a nine-month low of 6.40% in November mainly due to a moderation in food prices. On the global front, dollar was broadly flat against major currencies on Friday as jitters reemerged about the health of the U.S. economy, and ahead of producer inflation data later in the day and a Federal Reserve meeting on interest rates next week.
Finally, the rupee ended at 82.28 (Provisional), stronger by 10 paise from its previous close of 82.38 on Thursday. The currency touched a high and low of 82.33 and 82.08 respectively.
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