The Indian rupee on Friday rose for the fifth straight session against the Greenback and ended at 62.46 with a gain of six paise on sustained selling of dollars, wrapping up its best week in about two months. Besides the US Federal Reserve’s signal that it will raise rates at a slower pace than previously forecast, foreign capital inflows into equity market also boosted the rupee value against dollar, a forex dealer said.
The rupee today resumed slightly higher at 62.51 per dollar as against the last closing level of 62.52 at the Interbank Foreign Exchange (Forex) Market. It firmed up further to 62.43 before concluding at 62.46 per dollar, showing a gain of 6 paise or 0.10 per cent from its last close. The rupee has gained by 51 paise or 0.81 per cent in the five days. The domestic currency hovered in a range of 62.43 per dollar and 62.60 per dollar during the day.