The rupee climbed to the value-add 14 paise to 68.20 against the dollar on increased selling of the greenback by exporters and banks amid rising domestic equity market.
Forex dealers said, besides accelerated selling of the American currency by exporters as well as banks, a higher opening in the domestic equity market supported the rupee.
The dollar’s weakness against some currencies overseas after US President Donald Trump’s decision to call-off a summit with North Korean leader Kim Jong Un, supported the rupee.
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On Thursday the local currency had rebounded from near 18-month low to close with gains of 8 paise at 68.34 against the US dollar as the greenback fell against global currencies after minutes of the Federal Reserve committee clarified a relatively dovish stance over interest rate hikes.
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