The Indian rupee surged by 29 paise to hit an eight-week high of 72.83 against the US dollar on Friday, tracking positive domestic equities and upbeat Asian peers against the American currency. At the interbank forex market, the local unit opened at 72.98 against the greenback and witnessed an intra-day high of 72.83 and a low of 73.09. It finally ended with a gain of 29 paise at 72.83 to the US dollar – the level not seen since March 26.
On a weekly basis, the rupee has appreciated by 46 paise against the American dollar.
The dollar index, which gauges the greenback’s strength against 0a basket of six currencies, fell 0.10 per cent to 89.71 on Friday.