RUPEE RECOVERS 8 PAISE TO SETTLE AT 73.24 A DOLLAR

The rupee strengthens against every currency in the market except CNY. The Indian rupee staged a smart recovery from the day's lowest level to end 8 paise higher at 73.24 against the US dollar on Friday, tracking an intense rally in domestic equities. Starting off on a sluggish note, the Indian unit fell to a low of 73.46 against the American currency during the session, but pared all its intra-day losses to finish at 73.24. For a better part of the session, the rupee remained under pressure due to stronger American currency against key rivals and surging crude oil prices, eventually capping its gains.

On the domestic equity market front, the BSE Sensex zoomed 689.19 points or 1.43 per cent to close at a record 48,782.51, while the broader NSE Nifty surged 209.90 points or 1.48 per cent to 14,347.25.

US dollar appreciated against EUR, SEK. On other hand, USD traded down against INR, GBP, JPY, CAD, SGD etc.