On June 4, the rupee had settled at 72.99 against the U.S. dollarThe rupee surged 12 paise to 72.87 against the U.S. dollar in opening trade on June 7 following weakness in the greenback overseas and a positive trend in the domestic equities. At the interbank foreign exchange, the rupee opened strong at 72.85 against the dollar and lost some ground to touch 72.87 in early deals, a rise of 12 paise over its previous close. On Friday, the rupee had settled at 72.99 against the U.S. dollar. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.03% to 90.11. Global oil benchmark Brent crude futures fell 0.54% to $71.50 per barrel.

Source: The Hindu June 07, 2021 05:57 UTC