Rupee vs dollar today: INR surges 49 paise to 75.64 against the US dollar; Gold hits new record

Rupee vs dollar: The Indian rupee today surged by 49 paise to close at 75.64 against the US dollar. The unit opened at 75.92 at the interbank forex market and gained further to touch the day's high of 75.60 and finally settled at 75.64, up by 49 paise over its last close.

Today the Indian indices responded positively logging around 9% rise in the intraday trade session. BSE Sensex surged 2,476 points and closed at 30,067 levels while the NSE Nifty shot up 708 points and ended at 8,792 levels. However, Bank Nifty regained 19000 by closing at 19,062 levels by 1,813 points above from the previous closing.

In India, the number of coronavirus cases has reached to 4,400 and 74000 cases around the world.

Noting to which, the Reserve Bank of India (RBI) has reduced the timing of market hours for call money market, government securities market, currency market. The timing for the market from April 7 to April 17 is 10 am to 2 pm.

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.56 per cent down at 100.12.

In global markets, spot gold rates were down 0.2% at $1,657.67 per ounce after rising to a four-week high earlier in the session. In India, the gold price surged more than 3% in futures market. 

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Meanwhile, the global oil benchmark, Brent crude futures, rose by 1.54 per cent to USD 33.56 per barrel.