MUMBAI: The rupee appreciated 16 paise to close at 85.39 (provisional) against the US dollar on Friday, tracking a decline in the American currency in the overseas market and a weak tone in crude oil prices.
Forex traders said Asian currencies, including the rupee, gained ground on renewed hopes of trade deals with the US.
US President Donald Trump announced a trade agreement with Vietnam, and that injected a dose of optimism that perhaps more such agreements could be in the pipeline before the crucial July 9 deadline, according to forex traders.
