Indian rupee ended higher on Friday helped by a firm trend in domestic equities. Besides, the local unit appreciated after the Reserve Bank announced the discontinuation of incremental cash reserve ratio in a phased manner by October 7, 2023. Some optimism also came in as NaBFID Chairman KV Kamath said India’s GDP will likely grow to $25 trillion size in the next 25 years and digital fintech players could contribute to about 25%-30% of the overall growth. On the global front, dollar fell on Friday but was still headed for its longest weekly winning streak in nine years, bolstered by a resilient run of U.S. economic data that has also put the end of the Federal Reserve's aggressive rate-increase cycle into question.

Finally, the rupee ended at 83.02 (Provisional), stronger by 21 paise from its previous close of 83.23 on Thursday. The currency touched a high and low of 83.17 and 82.91 respectively.