Indian rupee opened 12 paise higher at 74.80 per dollar on Friday against previous close of 74.92.
US dollar declined 0.51% yesterday on weaker than expected economic data from US and as US stocks rose to fresh closing records. US GDP data showed economy grew at the slowest pace in the third quarter. GDP grew at annual rate of 2% in Q3 compared to 6.7% in the preceding quarter, said ICICI Direct.
Rupee future maturing on November 26 appreciated by 0.19% in yesterday’s trading session as decline in crude oil prices eased worries over imported inflationary pressures. However, sharp gains were prevented on persistent FII outflows and weakness in domestic stock indices, it added.
News Source:- Moneycontrol