Rupee ended flat on Friday amid negative equity markets and rising crude oil prices. Traders were worried after the surge in the 10-year US benchmark yield overnight to briefly touch 5% has raised borrowing costs around the world. Besides, Reserve Bank of India -- Governor Shaktikanta Das said that the global economy is now facing a triad of challenges. He added that the recent surge in crude oil prices and bond yield is a major challenge. On the global front, Russian rouble climbed to a one-month high past 96 to the dollar on Friday, supported by high oil prices and the promise of stronger foreign currency supply as exporters prepare for month-end tax payments. dollar briefly touched the closely watched 150 level against the yen on Friday, encouraged by a rise in U.S. 10-year Treasury yields towards 5% after Federal Reserve Chair Jerome Powell suggested there was scope for more rate rises.
Finally, the rupee ended flat with its previous close of 83.13 on Thursday. The currency touched a high and low of 83.20 and 83.03 respectively.