The rupee had gained 11 paise to close at more than one-week high of 60.31 against the dollar on Wednesday. Forex and money markets were closed on Thursday on account of ‘Maharashtra Day’.

Traders said dollar selling by exporters and banks and increased capital inflows helped the domestic currency to strengthen.

They said, however, dollar's strength against other currencies overseas capped the rupee's gains.

Meanwhile, the benchmark BSE Sensex rose by 157.18 points or 0.70 percent, to 22,574.98 in morning trade on Friday.


Latest News  from Business News Desk