Rupee pares gains to close flat at 70.83 against USD on crude price surge
The rupee jumped 33 paise in day trade before closing flat at 70.83 to the US dollar on Friday as surging crude oil prices after reports of a US-China trade deal knocked off sharp gains.The rupee opened strong at 70.54 and surged further by 33 paise to touch the day’s high of 70.50 to the US dollar, mirroring sharp gains in stock markets.Equity benchmark BSE Sensex breached the 41,000 level as the US and China reportedly reaching a trade deal and Boris Johnson’s win in the UK general elections boosted…
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