Rupee rises 8 paise against dollar
The Indian rupee recuperated by 8 paise on Friday to close at 70.82 against the US dollar in line with the rally in domestic stocks and positive global cues. At the interbank forex market, the rupee opened on a firm footing at 70.58 against the US dollar and surged further to touch a high of 70.44 during the day. The local unit finally settled for the day at 70.82, higher by 8 paise over its previous closing price. On Thursday, the rupee fell by 44 paise against the dollar to close at 70.90. Brent crude, the international oil benchmark, was trading 0.52 per cent higher at $60.37 per barrel on Friday.