The rupee recovered from the previous day's one-month low to end firm on Friday as the dollar fell against major overseas currencies. But the gains were limited by a cash dollar shortage caused by the central bank's dollar-buying intervention, record high oil prices fuelling concerns about India's ballooning trade deficit and commercial demand for the US currency.
Rupee trading had finished before the release of US data on the June trade deficit, which widened 6.1 percent to $58.82 billion from a revised $55.43 billion in May. The US currency slipped further after the data.
The partially convertible Indian rupee ended at 43.5350/54 per dollar, 0.13 percent stronger than the previous close of 43.5925/5975, the lowest finish since July 8.
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