Rupee soars 35 paise vs dollar

The rupee continued its unabated rise for the third straight day, surging by 35 paise to end at anew two-week high of 67.43 against the US dollar after a surprise crash in crude prices quickly faded near-term worries on trade deficit and inflation. The rupee opened with a wide gap-up at 67.52 against last weekend’s close of 67.78 at the inter-bank foreign exchange market on heavy dollar unwinding.   Building on the strong momentum, the home currency shot up to hit an intra-day high of 67.29 in mid-morning trade before ending at 67.43, revealing a strong gain of 35 paise, or 0.52 per cent.