Indian Rupee Strengthens For Fifth Day Against Dollar

The Indian rupee strengthened against the U.S. dollar on Friday, appreciating for the fifth straight session.

The local currency opened at 81.27 against the greenback, strengthening 28 paise, or 0.34%, against Thursday's close of 81.55.

The rupee depreciated 0.26%, or 21 paise, to end at 81.34 on Friday.

The rupee had strengthened throughout the week, gaining 137 paise from the previous Friday's close of 82.72.