Rupee Surges 33 Paise To 85.77 Against Dollar

Rising for the second straight session, the rupee jumped 33 paise to end at 85.77 (provisional) against the US dollar on Tuesday due to a sharp rise in equity markets and continuing weakness in the American currency amid global uncertainties.

- Press Trust of India

MUMBAI:

Besides, lower global crude prices, lower domestic inflation numbers and the US administration's latest move to suspend the additional 26% tariffs on India till July 9 also supported the local currency, forex traders said. At the interbank foreign exchange, the domestic unit opened at 85.85, the day's lowest level, and touched the intra-day peak of 85.59 against the greenback.