Indian rupee surged today against the US dollar in the backdrop of firm domestic equities and a broad strengthening of other Asian currencies.
The rupee today opened at 75.44 per US dollar and rose to 75.26 at day's high as compare to previous close of 75.77. Domestic stock market benchmark Sensex rose about 500 points, tracking higher Asian equities.
The US dollar today slipped against a basket of six other currencies. The dollar index was down 0.15% to 99.75. The US dollar has surged over the past few sessions amid a flight to safety amid US-China tensions over the origin of coronavirus and worries over deeper recession even as countries across the world took steps to ease the lockdown.
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