Rupee surges 12 paise to 74.33 against U.S. dollar in early trade

 Rupee surges 12 paise to 74.33 against U.S. dollar in early trade

According to Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors, as the dollar index rises and oil prices fall, rupee is likely to move within a range of 74.20 to 74.60 for the day

The rupee surged 12 paise to 74.33 against the U.S. dollar in opening trade on November 15 as a firm trend in domestic equities and easing crude oil prices boosted investor sentiments.

At the interbank foreign exchange, the rupee opened strong at 74.38 against the dollar and gained further ground to 74.33 in early deals, a rise of 12 paise over its previous close.

On November 12, the rupee had settled at 74.45 against the U.S. dollar.

According to Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors, as the dollar index rises and oil prices fall, rupee is likely to move within a range of 74.20 to 74.60 for the day.

“With three listings on Wednesday, outflow could be seen particularly that of Paytm… India CPI came a tad higher…

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