The Indian rupee strengthened by 11 paise against the US dollar, closing at 83.29, supported by a weaker greenback and robust domestic economic data.
This followed India's Q2 GDP growth beating estimates at 7.6%, contributing to the rupee's weekly appreciation of 0.1%. The dollar index fell by 0.18%, trading at 103.31.
Favorable factors included gains in the domestic equity market, foreign fund inflows, and declining crude oil prices. The Nifty 50 hit a record high after the GDP announcement. The Sensex rose by 0.74%, closing at 67,481.19, while the Nifty 50 settled at 20,267.90 with a 0.67% increase.