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Rupee surges against $

MUMBAI DEC. 1. Buoyed by strong bunched up weekend dollar supplies amidst receding demand, the rupee surged by 12-1/2 paise to end at a ten-day high of 45.7250/7350 a dollar today, helped partly by a distinctly weak dollar against major global currencies.

Resuming on a firm footing at 45.75/77, reflecting the dollar's tumble to multi-year lows against its major global rivals, due to a steep fall in the U.S. current account deficit, the rupee strode to the day's peak of 45.72/73, before settling at 45.7250/7350.

It is now within striking distance of 45.62/63 recorded at the close on November 19. — PTI

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