INR Vs USD: Rupee registered a new all-time intra-day low of 73.81 on Thursday.The rupee gained 6 paise to 73.52 against the US dollar on Friday, reported news agency Press Trust of India.
Besides fresh selling of the US dollar by exporters, the greenback's weakness against some currencies overseas supported the rupee, dealers were quoted as saying in the PTI report.The Reserve Bank of India (RBI) will announce its fourth bi-monthly policy statement later in the day.
Experts widely expect RBI to announce a hike in the key lending rate for a third consecutive time this year.
Anticipation of a rate hike has increased in the past month as rupee's has been accelerating its fall.After registering a new all-time intra-day low of 73.81, the rupee closed 24 paise lower against the dollar at 73.58 on Thursday.
(With PTI inputs)