Rupee rises against Dollar

The rupee on Friday gained against the US dollar in early trade after touching a record low versus the American currency on Thursday. The stock market benchmark indexes Sensex and Nifty rose today. The forex market too followed the share market as India’s rupee rebounded 17 paise to 77.33 on Friday morning.

The Indian rupee on Thursday plunged to a record low for a second time this week, hitting 77.63 against the dollar. It settled at 77.5025.

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