- Search results for Rupee
The local unit, however, pared the initial gains and finally settled the day at 71.46 to the US dollar, up 21 paise.
The RBI's announcement to buy bonds via open market operation to ease tight cash conditions added to the upbeat mood, traders said.
The rupee on Friday strengthened by 4 paise to close at a fresh two-month high 71.93 against the US currency, despite a rebound in oil prices and a stronger dollar.
The central bank has been very active in the past few months in the spot market to save the rupee which got battered against the US dollar.
The Sensex opened higher and advanced further to scale the day's high of 35,545.85, but settled at 35,457.16 points, a gain of 196.62 points, or 0.56 per cent, due to profit-taking activity.
Weakned dollar against some currencies along with positive foreign fund inflow helped the rupee.
This will also be a huge factor when the time comes to repay the World Bank and ADB loan.
Higher opening of the domestic equity market too influenced the rupee
While Sensex rose 115.89 points by 0.33 per cent, NSE Nifty was trading higher by 30.25 points by 0.29 per cent.
Budget carrier SpiceJet has reported a net loss of `389.37 crore in the July-September quarter of the current financial year.