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The rupee surged by 74 paise to touch 69.88 a dollar on Thursday, reported news agency Press Trust of India (PTI). At this level, the rupee hit a three-month high against the dollar. At the Interbank Foreign Exchange, the rupee opened on a higher note at 70.15 and then gathered further momentum and touched an intra-day high of 69.88, a level last seen on August 27. Gains in the rupee came amid sustained selling of the American currency by exporters and easing crude oil prices. Here are 5 things to know about rupee's rate against dollar on Thursday: The US dollar weakened against other currencies overseas, after US Federal Reserve Chairman Jerome Powell comments that the central bank's
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