Rupee surges 22 paise to close at 74.46 against U.S. dollar
The Hindu
Brent crude futures that fell 1.63% to $83.34 per barrel was one of the factors
The rupee appreciated by 22 paise to close at 74.46 (provisional) against the U.S. dollar on Wednesday on the back of easing crude oil prices and foreign fund flows into domestic IPOs.
Besides, a weak American currency in the overseas market also helped the local unit, forex dealers said.
At the interbank forex market, the rupee opened strong at 74.64 against the greenback and later gained strength to settle at 74.46, higher by 22 paise over its previous close of 74.68.
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