Rupee surges 19 paise to close at 72.80 against U.S. dollar
The Hindu
At the interbank forex market, the local unit opened at 72.85 against the greenback and witnessed an intra-day high of 72.74 and a low of 72.88.
The rupee appreciated by 19 paise to end at 72.80 (provisional) against the U.S. dollar on Monday, buoyed by persistent fund inflows into capital markets. Besides, softening crude oil prices also strengthened domestic forex market sentiment. However, stronger dollar overseas against key rivals capped the rupee's gain, according to forex traders.
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