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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.