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Rupee opens higher at 74.69 per dollar

Indian rupee gained in the early trade on Friday. It has opened higher by 46 paise at 74.69 per dollar against previous close of 75.15.

The Indian rupee surged by another 73 paise to 75.15 against the US dollar on Thursday after Finance Minister Nirmala Sitharaman announced various welfare measures to tide through the coronavirus crisis.

Considering the sharp decline seen in the dollar index, the rupee is likely to remain positive and may move towards its crucial level of 74.50. Utilise upsides in the pair to initiate short positions, said ICICIdirect.

The dollar is on ...

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