Indian Rupee Strengthens For Fifth Day Against Dollar

Rupee ended appreciating 21 paise to close at 81.34.

<div class="paragraphs"><p>Indian 500 Rupees notes. (Source: BQ Prime)</p></div>
Indian 500 Rupees notes. (Source: BQ Prime)

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.