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The Economic Times
The Economic Times

Rupee gains this week as dollar supply surges ahead of deposit window's close

The Indian rupee ended higher on Friday, ​rounding out a weekly gain, ​boosted by a spurt of dollar liquidity ahead ​of the closing of a special deposit window.

The rupee ended at 95.3775, up 0.2% from Thursday's close of 95.54. The currency reversed modest early losses in afternoon ‌trade as ⁠deposit-related dollar ⁠inflows triggered stop-loss's and unwinding in positions betting on rupee weakness. The currency ​climbed 0.3% versus the dollar on the week.

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