Ru­pee up 50 paise as crude eases

The Hindu Business Line - - BANKING - PTI

The ru­pee rose by 50 paise to close at 72.50 to a US dol­lar on Fri­day on in­creased sell­ing of the green­back by ex­porters amid soft­en­ing crude oil prices, which slipped be­low the $70/bar­rel mark. At the in­ter­bank forex mar­ket, the ru­pee opened on a firm note at 72.68 from Tues­day’s close of 73. It climbed to a high of 72.45, driven by dol­lar sell­ing by ex­porters, but ceded some ground to fi­nally end at 72.50, up 50 paise over its last close. The ru­pee had re­bounded by 12 paise to end at 73 per US dol­lar on Tues­day. In the last two trad­ing ses­sions, the ru­pee has gained 62 paise.

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