<p id="thickbox_headline">The rupee jumped 40 paise on Friday to finish at an over one-week high of 69.95 against the US currency on strong dollar buying by banks and exporters amid the greenback's weakness overseas.</p>.<p>Domestic stock markets extending gains for the third session also supported the local currency.</p>.<p>The BSE Sensex rose by 0.75 per cent to reclaim the 36,000-mark on across-the-board buying by investors. The broader NSE Nifty gained 0.74 per cent.</p>.<p>Analysts said a weak dollar overseas and oil supply glut concerns propped up the domestic currency.</p>.<p>At the Interbank Foreign Exchange, the rupee opened strong at 70.05 a dollar against the previous close of 70.35.</p>.<p>The local unit moved in a range of 70.12 to 69.89, before finally ending at 69.95, showing a gain of 40 paise or 0.57 per cent. This is its highest closing level since December 20, when the rupee ended at 69.70.</p>.<p>The US dollar was trading lower against global currencies due to market volatility, uncertainties related to US government shutdown, weak global growth prospects and renewed fears of US-China trade tensions.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, dropped 0.35 per cent to 96.23.</p>.<p>Overnight losses in crude oil also supported early gains in the rupee, analysts said.</p>.<p>Brent crude recovered by 1.52 per cent to USD 53.53 per barrel Friday from previous day's sharp fall of close to 5 per cent, even as supply glut concerns continued to weigh following a rise in US crude inventories.</p>.<p>Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 119.60 crore Friday, provisional data showed.</p>.<p>The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.9786 and for rupee/euro at 80.1805. The reference rate for rupee/British pound was fixed at 88.6564 and for rupee/100 Japanese yen at 63.28. </p>
<p id="thickbox_headline">The rupee jumped 40 paise on Friday to finish at an over one-week high of 69.95 against the US currency on strong dollar buying by banks and exporters amid the greenback's weakness overseas.</p>.<p>Domestic stock markets extending gains for the third session also supported the local currency.</p>.<p>The BSE Sensex rose by 0.75 per cent to reclaim the 36,000-mark on across-the-board buying by investors. The broader NSE Nifty gained 0.74 per cent.</p>.<p>Analysts said a weak dollar overseas and oil supply glut concerns propped up the domestic currency.</p>.<p>At the Interbank Foreign Exchange, the rupee opened strong at 70.05 a dollar against the previous close of 70.35.</p>.<p>The local unit moved in a range of 70.12 to 69.89, before finally ending at 69.95, showing a gain of 40 paise or 0.57 per cent. This is its highest closing level since December 20, when the rupee ended at 69.70.</p>.<p>The US dollar was trading lower against global currencies due to market volatility, uncertainties related to US government shutdown, weak global growth prospects and renewed fears of US-China trade tensions.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, dropped 0.35 per cent to 96.23.</p>.<p>Overnight losses in crude oil also supported early gains in the rupee, analysts said.</p>.<p>Brent crude recovered by 1.52 per cent to USD 53.53 per barrel Friday from previous day's sharp fall of close to 5 per cent, even as supply glut concerns continued to weigh following a rise in US crude inventories.</p>.<p>Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 119.60 crore Friday, provisional data showed.</p>.<p>The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.9786 and for rupee/euro at 80.1805. The reference rate for rupee/British pound was fixed at 88.6564 and for rupee/100 Japanese yen at 63.28. </p>