Continuing previous session`s gain, Indian Rupee ended fairly higher against US dollar on Friday, on the back of selling of the American currency by exporters. Sentiments were upbeat as continuing growth momentum for fourth straight month, the country`s exports jumped 60.29% to $34.45 billion in March even as the outbound shipments contracted by 7.26 per cent during the full 2020-21 fiscal to $290.63 billion. Imports too grew by 53.74% to $48.38 billion in March, but dipped by 18 per cent to $389.18 billion during April-March 2020-21. On the global front, dollar headed for its worst back-to-back weekly drop this year amid an extended retreat in Treasury yields as investors increasingly bought into the Federal Reserve`s insistence of keeping an accommodative policy stance for a while longer.
Finally, the rupee ended 74.35, stronger by 58 paise from its previous close of 74.93 on Thursday. The currency touched a high and low of 74.76 and 74.28 respectively.