Indian rupee ended higher against the US dollar on Friday supported by gains in the domestic markets. Some support came as the Reserve Bank of India said India's current account deficit (CAD)- excess of imports of goods and services over exports, would be manageable. Besides, Reserve Bank of India (RBI) in its latest survey report has showed that households’ optimism on economic conditions for the year ahead remained in positive terrain, though it came down from the previous survey round. On the global front, the British pound steadied against the dollar on Friday but was set for its fourth consecutive week of declines, as investors weighed the prospect of more interest rate cuts from the Bank of England (BoE) amid concerns about slowing global growth.
Finally, the rupee ended at 83.95 (Provisional), stronger by 2 paise from its previous close of 83.97 on Thursday. The currency touched a high and low of 83.96 and 83.88 respectively.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: