New Delhi, September 19 (HS): The Indian rupee managed to end the trading session on a firmer note against the US dollar on Friday, despite weak global cues, a stronger dollar index, and continued selling by foreign institutional investors in the equity market.

The domestic currency closed 5 paise stronger at a provisional level of 88.09 per dollar, compared to its previous close of 88.14 on Thursday.

The trading day began on a weak footing, with the rupee opening 8 paise lower at 88.22 in the interbank foreign exchange market. It slipped further by 20 paise during early trade, touching an intraday low of 88.34. However, the currency rebounded strongly, recovering 28 paise from the day’s trough to reach 88.06 shortly before the close.

In cross-currency trade, the rupee also gained ground against other major global currencies. It surged by ₹1.30 against the British pound to close at a provisional 118.96, while strengthening by 73 paise against the euro, which settled at 103.60.

Hindusthan Samachar / Jun Sarkar