Rupee surges 56 paise to 93.91, biggest gain since October 12

Rupee surges 56 paise to 93.91, biggest gain since October 12

The Indian rupee jumped 56 paise to close at 93.91 against the US dollar on Friday, its biggest single-day gain since October 12, helped by returning foreign portfolio inflows into equities and a sharp fall in crude prices. The currency touched a six-month high and gained about 1.2 percent for the week, outperforming Asian peers, though RBI dollar purchases near 93.88 capped further appreciation.

Source: Moneycontrol

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