The rupee on Friday appreciated by nine paise to end at 62.28 against the dollar on sustained selling of the US currency by exporters and positive trends in stocks, helping it wrap up its best week in nine.
Other factors like volatility ahead of US non-farm payrolls data and hopes of inflows linked to Vodafone deal and ongoing spectrum auction, also helped the local currency mostly trade in the green today, said forex traders.
At the Interbank Foreign Exchange (Forex) market, the domestic currency resumed higher at 62.30 a dollar from last close of 62.37 and moved in a narrow range between a high of 62.25 and a low of 62.42.
The rupee finished at 62.28, logging a rise of nine paise or 0.14 per cent over Thursday’s close. Today’s closing is the rupee’s highest since 61.93 on January 23, 2014.
Yesterday, it has gained 20 paise or 0.32 per cent.