The rupee on Friday soared by 58 paise to end more than one-week high of 74.35 against the US dollar on easing US bond yields and positive domestic equities.
A weak dollar overseas and foreign fund inflows also supported the rupee. At the interbank forex market, the local unit opened at 74.76 against the greenback and witnessed an intra-day high of 74.28 and a low of 74.76. It finally ended at 74.35 against the American currency, registering its best single-day gain of 58 paise in more than a month. On Thursday, the rupee had settled at 74.93 against the American currency.