Rupee zooms 44 paise to 73.92 against US dollar in early trade
The rupee strengthened by 44 paise to 73.92 against the US dollar in opening trade on Friday, supported by foreign portfolio flows even as investors continued to wait for the outcome of the US elections. Traders said positive domestic equities and expectation of Joe Biden’s victory in the US presidential election supported the local unit. At the interbank forex market, the domestic unit opened at 73.99 against the US dollar, then gained further ground and touched 73.92, registering a rise of 44 paise over its previous close. On Thursday, the…
Read More