Indian Rupee trades volatile on Friday's trading

The Indian Rupee came under pressure on Friday's trading after opening on a strong note, as reports emerged that the RBI is mulling over closing its FX swap window for PSU oil marketing companies. However, the RBI's clarification that the FX swap facility would remain operational helped the Indian Rupee recoup most of its losses.

The Indian Rupee ended the session at 61.27 against the US Dollar as compared to Thursday's close of 61.23.

The 6 and 12-month forward premia closed at 8.54% and 7.65% respectively compared to the prior close of 8.55% and 7.64%.

Source : Equity Bulls

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