Rupee sees biggest single-day gain in 5 years, rises 101 paise
The Indian rupee Friday registered its biggest single-day gain in more than five years, surging by 101 paise to close at 72.44 against the US dollar. The rupee rebounded after crude oil prices fell for the fifth straight day. The surge also comes amid the possibility that the US might grant waivers to India from sanctions on Iranian oil imports.