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Rupee Gains 38 Paise On Easing Crude Prices


INR Vs USD: Higher opening in equity market also supported rupee’s sentiment, said dealers.

MUMBAI: Continuing its recovery, the rupee Friday strengthened by 38 paise to 73.74 against the US dollar in early trade in the forex market after global crude prices eased.

Besides, dollar-selling by exporters and banks, the greenback’s weakness against some currencies overseas, helped the recovery in the domestic currency.    

Brent crude fell 3 per cent to trade at 80.37 a barrel in the global market.    

Forex dealers said a higher opening in the equity market also supported the rupee’s sentiment. The local unit, after hitting a record low of 74.50 Thursday, recovered 9 paise to end at 74.12 against the dollar.    

Meanwhile, the BSE benchmark Sensex rebounded 377.12 points, or 1.11 per cent, to 34,378.27 in opening trade.



Updated: October 12, 2018 — 4:21 am

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