MUMBAI: The Rupee strengthened to close at an over 2-month high against the dollar on Friday, tracking upbeat Asian peers and positive domestic equities. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.22% to 90.17. According to Jateen Trivedi, senior research analyst at LKP Securities: "Rupee traded weak on the back of subdued moves in the dollar index, Fed stance of dovish outlook keeps dollar weakness going. Higher crude prices kept the rupee rise at check around ₹72.50. With the capital market at lifetime highs, funds inflows keep rupee strength, going ahead rupee can be seen in range ₹72.40-72.80."

Source: Mint May 28, 2021 12:11 UTC