The rupee on Friday surged by 43 paise to close at 73.39 to the US dollar, its best closing level in nearly six months, buoyed by sustained foreign fund inflows and weaker greenback against key rivals.
At the interbank forex market, the domestic unit opened on a flat note but soon gained strength and finally ended 43 paise higher at 73.39 against the American currency - the best closing level since March 5.
During the day, the local unit touched an intra-day high of 73.29 and a low of 73.87.
Also, this was the third consecutive day of gains for the rupee.
During which it advanced by 94 paise. On weekly basis, the Indian currency appreciated by 145 paise against the US dollar.
Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 1,004.11 crore on Friday, according to exchange data.