Rupee appreciated by 27 paise to close at 75.33 against US dollar

The rupee appreciated by 27 paise to close at 75.33 against the US dollar on Friday in line with regional currencies, following a retreat in crude oil prices and a rebound in domestic equities.

At the interbank forex market, the local unit opened at 75.31 against the greenback and witnessed an intra-day high of 75.18 and a low of 75.46.

The rupee finally ended at 75.33, registering a gain of 27 paise over its previous close.

On Thursday, the rupee had tanked 99 paise to close at 75.60 against the US dollar, as riskier assets took a hit after Russia launched military operations against Ukraine.

Meanwhile, European Union leaders are putting up a united front and have agreed on a second package of economic and financial sanctions against Russia.

The dollar index, which measures the greenback’s strength against a basket of six currencies, inched up 0.01 per cent to 97.14.

Brent crude futures, the global oil benchmark, was trading 1.07 per cent higher at USD 100.14 per barrel.

“Calmness…

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