The Indian rupee rose to its highest level in a week on Friday, after shares jumped nearly 5 percent and calmed worries over capital outflows from the stock market in the coming days. The partially convertible rupee ended at 51.48/50 per dollar, off an intraday high of 51.49, its highest since March 6, according to Reuters data, and stronger than Thursdays close of 51.88/90.
"The rally in stocks was strong, raising hopes of some dollar inflows also entering the market in the coming days," a trader at a state-run bank said.