RUPEE SURGES 12 PAISE AGAINST US DOLLAR

Indian rupee appreciated against major currencies except GBP. Recovering from losses due to subdued domestic equities, the rupee snapped its three-day losing streak and gained 12 paise against the US dollar on Friday, to settle at 72.50. This came after domestic equities snapped the losing streak today and the American currency saw weakness in the overseas market.

On the domestic equity market front, the BSE Sensex ended 568.38 points or 1.17 per cent higher at 49,008.50, while the broader NSE Nifty advanced 182.40 points or 1.27 per cent to 14,507.30.

EUR/ USD was up 0.05% to 1.1781. USD/JPY was up by 0.53% to 109.715. GBP/USD traded up by 0.19% to 1.3765.