Rupee surges 22 paise to ₹74.44 against the U.S. dollar in early trade
The Hindu
In the previous session, the rupee had settled at 74.66 against the American currency.
The Indian rupee advanced by 22 paise to 74.44 against the U.S. dollar in opening trade on April 28, as a positive trend in equity markets lifted investor sentiment. Forex traders said the appreciation in the local unit could be restricted amid a sharp rise coronavirus infections and fatalities in the country and as investors await the U.S. Federal Reserve’s monetary policy outcome. At the interbank forex market, the local unit opened flat at 74.49 against the U.S. dollar, then gained some strength to quote at 74.44, a rise of 22 paise over its last close.
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