Mumbai: The rupee closed at 63.50 per dollar on Friday against it’s previous close of 63.54, after touching a high and a low of 63.3650 and 64.28, respectively.
The currency weakened in the morning trade after opening at 63.7250 per dollar, prompting the Reserve Bank of India (RBI) to sell the US currency in the market and stabilize exchange rate, dealers said.
“There was some lumpy dollar demand in the morning, but looks like it has been met already,” said a senior currency dealer with a foreign bank.
Since January this year, the rupee has weakened 13.39%, and is the worst performing Asian currency.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 81.606, up 0.14% from the previous close of 81.489.
India’s benchmark Sensex declined 0.25% to 19,732.76.
The yield on the 10-year bond stood at 8.499%, down 0.03% from its previous close of 8.501%.
Overnight call money rate stood at 4%, down 60.78% against its previous close of 10.2%.
