Rupee ends 4 paise lower at 83.27 against US dollar; little changed on week
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was lower by 0.22% at 104.12. The dollar index was on course to register a weekly drop of over 1% as investors raised bets that the US Federal Reserve would begin easing policy rates next year.
The Indian rupee ended 4 paise lower against the US dollar on Friday amid buoyant dollar demand from local companies local and a weak trend in domestic equity markets. The local unit ended at 83.27 a dollar as compared to its previous close of 83.23.
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