Besides selling of the American currency by exporters and banks, dollar's weakness against other currencies overseas also supported the rupee
Says RBI will review investment limits for overseas institutional funds once their quota is exhausted
On Friday, the rupee ended at 62.47 to a dollar
Weak loan growth, capital constraints and lower margins make PSBs unattractive
Foreign currency assets fall by $1.98 bn to $310.35 bn
US Federal Reserve's signal that it will raise rates at a slower pace than previously forecast and foreign capital inflows into equity market boosted the rupee value
Fresh demand for the American currency from importers affected the rupee
The rupee ended at 62.52 to a dollar, compared with the previous close of 62.69
Dollar's strength and falling crude oil prices force downward revision of 2015 growth forecast
Inflow of more funds is likely to widen the reach of insurance and drive M&A activities in the sector where growth has stalled
Persistent selling of dollars by banks and exporters due to weakness of dollar in the overseas market helped the domestic currency to trade higher
A dovish orecast for growth and interest rates by the Fed supported the rupee
US Fed opened the door further for interest rate hike to as early as June
The currency hovered in a limited range of 62.6175 and 62.78 before concluding at 62.69, showing a marginal gain of one paise or 0.02%
It moved in a range of 62.67 and 62.78, before finishing at 62.72 a dollar, showing a gain of nine paise
Exporters and banks were seen selling dollars which supported the currency, says Veracity Group CEO
The local currency hovered in a range of 62.76 per dollar and 62.99 per dollar during the day
The yield on the 10-year benchmark bond ended at a 2-month high at 7.80% on Friday
The number of currency derivative contracts on NSE fell to 3.55 crore in February from 5.68 crore in previous month