Mumbai: The Indian rupee ended higher on Friday to record its best week in five as the dollar weakened on the back of increased bets for a rate pause by the US Federal Reserve. The rupee closed at 82.3050 against US dollar, compared to 82.4050 on Thursday.
Rupee reached the its highest of 82.28 since May 17. In a week, the rupee rose 0.32 percent, logging its best performance since the week ending April 28. The rupee appreciated by 9 paise to 82.31 (provisional) against the US dollar on June 2 supported by broad dollar weakness and a positive trend in domestic equities.
The seasonally adjusted S&P Global India Manufacturing Purchasing Managers Index (PMI) rose from 57.2 in April to 58.7 in May. On the domestic equity market front, the 30-share BSE Sensex advanced 118.57 points or 0.19 percent to end at 62,547.11 points and the broader Nifty rose 46.35 points to 0.25 percent.