Rupee rises 14 paise to 74.54 against U.S. dollar in early trade
The Hindu
The surge is due to IPO-related inflows and a positive trend in domestic equities
The rupee surged 14 paise to 74.54 against the U.S. dollar in opening trade on November 3 as IPO-related inflows and a positive trend in domestic equities supported the local unit.
At the interbank foreign exchange, the rupee opened strong at 74.64 against the dollar and gained further ground to 74.54 in early deals, a rise of 14 paise over its previous close.
On Tuesday, the rupee had settled at 74.68 against the U.S. dollar.
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