The rupee settled at 70.22 against 70.0250 at the previous close. The local unit moved in 70.10 -70.26 per dollar band intra-day.
USD/INR ends up on tracking higher Brent, strong dlr, Dollar/rupee traded up in both onshore and offshore markets Friday on oil importers' demand as Brent climbed to its highest level in two weeks amid a strong greenback, dealers said. Dollar/rupee in the non deliverable forward (NDF) market maturing in one month traded at Rs 70.44/$1 after Rs 70.37/$1 at the start of Indian spot market. The pair traded at Rs 70.33/$1 at Thursday's spot close
The dollar held near a two-week high against its peers on Friday, supported by strong U.S. economic data and a bounce in Treasury yields. The dollar index versus a basket of six major currencies .DXY stood little changed at 97.802 after reaching 97.882 on Thursday, its highest since May 3.
Sterling was at $1.2786, and had fallen to 1.1432 against the euro, on concerns that the U.K. may yet leave the EU without any sort of arrangements in place to cushion the transition. The pound slipped after Theresa May told party colleagues she would set a timetable for her departure next month, irrespective of whether her proposed EU Withdrawal Agreement passes in the House of Commons at the fourth time of asking
Gold prices marked time on Friday, after seeing its biggest one-day percentage loss in a month on Thursday, on a firmer dollar and increased investor appetite for riskier assets due to strong U.S. data and corporate results.
Oil edged higher to $73 a barrel on Friday, supported by a host of supply cuts and concern of further disruption to Middle East shipments as tensions rise, and was heading for a weekly gain.
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