Rupee jumps 23 paise to close at 74.35 against U.S. dollar
The Hindu
The market is positioning for better dollar inflows this quarter amid big bang IPOs plans.
The rupee surged 23 paise to close at 74.35 (provisional) against the U.S. dollar on Wednesday, tracking gains in domestic equity markets.
At the interbank forex market, the local unit opened up at 74.54 against the greenback and witnessed an intra-day high of 74.30 and a low of 74.55. It finally settled at 74.35, a rise of 23 paise over its previous close.
In the previous session, the rupee tumbled 30 paise to close at 74.58 against the U.S. dollar.
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