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The rupee continued its rise for the second day against the dollar and ended at a 32- month high of 63.37 on Friday, up 4 paise on steady unwinding of the American currency by exporters.
A record-setting spree on local bourses too bolstered sentiment. The rupee opened on a high note at 63.36 a dollar against Thursday’s close of 63.41 at the forex market. It hit an intra-day high of 63.31 in mid-morning deals before suddenly reversing the trend to touch a fresh low of 63.42 for a brief period.Later it bounced back to close comfortably at 63.37, showing a gain of 4 paise.
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