Mumbai: The rupee closed up 57 paise in early figures on Thursday due to the weakening of the dollar against major global currencies. It stood at 75.09 against the dollar.
According to currency traders, the rupee gained due to positive start of domestic markets. Apart from this, after 4 May, the market took the hope of ending the lockdown in many areas of the country. The rupee closed on a sustained rise on Thursday.
It saw an improvement of Rs 1.37 in four days. The rupee opened at 75.17 on the interbank foreign exchange market. During the day’s trading, it moved to a low of 75.20 and a high of 74.94 against the dollar. Later it closed at 75.09 per dollar, up 57 paise from the previous close at the end of trading. The rupee had closed at 75.66 against the dollar on Wednesday.
