The rupee ended higher on Friday due to sluggish dollar demand from importers, dealers said. In the interbank market, the rupee closed at 138.83 per dollar, compared with previous closing of 138.92.
“There was a slow demand from importers,” a dealer said. “The rupee was trading in the ranges of 138.70-138.80 during the day.”
The rupee continued to post gains in the open market. It closed at 139.10 against the greenback, compared with Thursday’s closing of 139.20.