Rupee continued to make recovery against the US dollar in the open market today. The US dollar started off new day’s trading at Rs.68/50, shed major grounds and was trading at Rs.68/00 at close of markets on Thursday. Thus, rupee ended the day on upbeat note versus dollar in the kerb dealings.

On the international desks, the dollar rose to a two-week high against the euro after Federal Reserve Bank of Dallas President Richard Fisher said the central bank will raise interest rates should consumers expect faster inflation.

The currency gained for a fourth day against the yen before a U.S. government report today that will probably show the economy grew at a faster pace than initially estimated last quarter. The yen fell against the Australian dollar and was near a one-month low versus the euro as stock gains encouraged the purchase of higher-yielding assets funded in the Japanese currency.

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