Continuing its winning streak for the seventh straight session, the rupee on Friday rose by 23 paise to a three-week high of 75.03 against the US dollar as risk appetite improved in view of broader weakness in the greenback.
At the interbank forex market, the local unit opened at 75.12 against the greenback and witnessed an intra-day high of 75.00 and a low of 75.20. Over the past seven sessions, the domestic currency has gained 129 paise against the greenback. In the absence of fresh global cues, the rupee gained every single day of the week and recovered the ground it lost during the start of the month, Dilip Parmar- Research Analyst, HDFC Securities, said.