Rupee Surges 25 Paise Against US Dollar

Mumbai: The Indian rupee surged by 25 paise to end at 70.09 per US dollar on Thursday.

The domestic unit gained 25 paise versus previous close 70.34 per dollar.

On Wednesday, the rupee had gained 10 paise marking the second straight session of gain driven by easing crude prices.

The domestic unit strengthened after remaining under pressure in the last few sessions following ease in trade war tensions between US and China. In the last couple of weeks trade war concerns between the two major economies has kept most market participants on the edge and volatility has been high across the board.

Furthermore, the 30-share BSE benchmark closed 203.65 points, or 0.55%, lower at 37,114.88, while the broader NSE Nifty shed 65.05 points, or 0.58%, to settle at 11,157.

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