The domestic unit resumed higher at 61.46 per dollar as against Thursday's closing level of 61.34 at the Interbank Foreign Exchange (Forex) Market.

 

It surged to Rs 61.49 during morning trade and was quoting at Rs 61.43 per dollar at 10:20 am. The rupee hovered in a range of 61.42 and 61.49 per dollar during the morning deals.

 

Crude oil trading was up at the global level in early trade, though hefty supplies capped price gains and outweighed concerns that rising tensions in the Middle East could disrupt supply.

 

In New York, US dollar held near a four-year high against its major rivals in early trade, and further gains looked likely for the currency as it boasted its biggest yield advantage over the euro in 15 years.

 

Meanwhile, the benchmark BSE Sensex was trading slightly lower by 11.38 points or 0.04 percent to 26,456.98 at 10:40 am.

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