The Indian currency opened higher on Friday backed by rise in Asian currencies, loss of dollar versus major currencies and improving risk appetite of investors looking to invest elsewhere than the safe heaven currencies.

The rupee opened the day 7 paise higher at Rs. 46.65 per dollar but remained in the range of 46.65-71 during the day. The spot rupee commenced on Friday at 46.65. It hit an intra day high of 46.65 during initial trades and touched an intra day low of 46.71.

The shares in the domestic market also rose following the gains in Asian stocks. The key indices remained positive in morning trade but fell a bit later. The S&P CNX Nifty fell below 5,500 mark and BSE Sensex was down almost
10 points at 18226.44. The yield on most traded 10-year benchmark 7.80% GS 2020 bond fell 1 basis point to trade at close at 7.97% compared to 7.98% at close in the previous trading. the yield on the second most traded federal paper 8.13 GS 2022 was at 8.04%.

The front month September contract opened on Friday at 46.78 per dollar on the domestic currency future market on NSE and was later trading lower than the spot rupee. It reached an intra day high of 46.86 and registered a low at around 46.78 yet. The Euro has gained against the dollar on Wednesday as the positive global data helped it main gains through the week and remain at 1.28 levels. The Euro was snubbed on Friday before the US monthly payrolls figures. Meanwhile, the index of dollar against the basket of global currencies fell 0.09%.