The Indian rupee strengthened against the U.S. dollar in after noon trading on Friday. The rupee hit a 3-day high of 55.21 per dollar with 55.00 seen as the next upside target level. The pair ended Thursday's deals at 55.555.
India's central bank has been monitoring the rupee and has taken steps to improve dollar inflows, Reserve Bank of India Governor Duvvuri Subbarao said Thursday.
The central bank is ready to take necessary steps to curb speculation, the chief said. He views the rupee movement as a function of external situation.
For comments and feedback contact: editorial@rttnews.com
Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.