Rupee surges at two-week high against USD

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Forex
Mumbai, Aug 6: The Rupee on Wednesday, Aug 6 rose to near a two-week high at 42.02/03 per US Dollar in the early trade, appreciating about 20 paise, from its previous close of 42.23/24 per dollar on positive global cues.

The dometic unit strengthened further against the greenback as oil prices hovered close to three-month lows, easing concerns of a widening trade deficit and strong rally in stock market also spurred hopes for fund inflows, dealers said.


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