Indian Rupee surges 13 paise against US dollar
Global oil benchmark Brent crude futures rose 0.41 per cent to USD 68.74 per barrel.
Global oil benchmark Brent crude futures rose 0.41 per cent to USD 68.74 per barrel.
Forex traders said positive domestic equities, foreign fund inflows and hopes of a COVID-19 vaccine supported the rupee.
During the session, the rupee witnessed an intra-day high of 74.98 and a low of 75.25 against the US dollar.
It opened lower at 75.23 per dollar against previous close of 75.14 and traded in the range of 75.15-75.29.
It had settled at 74.93 against the US dollar on Tuesday.
During the four-hour trading session, the rupee touched an intra-day high of 75.72 and a low of 75.88.
The rupee opened at 75.53 against the US dollar, but pared the gains to settle at 75.61 against the US dollar, down 6 paise over its previous close.
Forex traders said the local unit opened weak against the greenback tracking losses in some of the major Asian currencies and gains in the US dollar.
The rupee was up 8 paise at 64.53 against the dollar in opening trade on Friday, helped by stronger domestic…
