Ru­pee zooms 55 paise vs dollar

The Hindu Business Line - - BANKING - PTI

Ris­ing for the third straight day, the ru­pee strength­ened by 55 paise to set­tle at 73.57 against the US dollar on Fri­day, mark­ing its big­gest gain in over three weeks as global crude prices eased and do­mes­tic in­dices staged a smart re­bound. At the in­ter­bank forex mar­ket, the ru­pee opened on a strong note at 73.84 from Thurs­day’s close of 74.12. It gained fur­ther ground to hit a high of 73.52 against the US dollar, driven by selling of the green­back by ex­porters and banks and eas­ing crude oil prices. The do­mes­tic unit fi­nally set­tled for the day at 73.57, up 55 paise. This is its big­gest gain since Septem­ber 19, when it had jumped 61 paise.

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