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At 1.45 p.m. local time, the rupee was trading strong at 54.51 against the dollar.
The rupee jumped 33 paise to 54.52 against the dollar in the opening trade today on stronger Asian and domestic equity markets. It had closed at 54.85 on Thursday.
The Indian unit touched a high of 54.35 in the early trade. The Government-Opposition deadlock in Parliament on domestic policy reforms over FDI has come to a compromise and hopes of reaching a deal on the US fiscal cliff boosted the rupee.
Investors will eye data from Asia on Friday and Saturday which could offer signs for the likely direction of global growth. Further, month-end dollar demand will keep pressure on the rupee.
Call rates, G- Secs
The interbank call money rates opened higher at 8.10 per cent from Thursday’s close of 8.05 per cent.
The 8.15 per cent government security, maturing in 2022, was trading higher at Rs 99.89 (yield: 8.16 per cent) from its previous close of Rs 99.63 (yield: 8.20 per cent).
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