Rupee surges 65 paise to 95.20 against US dollar

MUMBAI: (Jun 12) The rupee surged 65 paise to 95.20 against the US dollar in early trade on Friday as global crude oil prices retreated after US President Donald Trump indicated an imminent deal with Iran.

A weaker greenback and positive sentiment at the domestic equity markets provided further boost to the local unit, according to forex traders.

At the interbank foreign exchange, the rupee opened at 95.40 before rising further to 95.20 against the greenback.