LIVE News Updates: Rupee spurts 49 paise to 75.64 against US dollar

The Indian rupee surged by 49 paise to 75.64 (provisional) against the US dollar on Tuesday, taking cues from positive equity market sentiment.

At the interbank foreign exchange, the rupee opened at 75.92 and gained further ground to touch the day's high of 75.60. The Indian unit finally settled for the day at 75.64, registering a rise of 49 paise over its previous close.

On Friday, the rupee had settled at 76.13 against the US dollar.

The Reserve Bank of India (RBI) has reduced the timing of market hours for call money market, government securities market, currency market from April 7 to April 17 (from 10 am to 2 pm) following the unprecedented situation that has emerged due to the spread of coronavirus.

The forex market was closed on Monday on account of Mahavir Jayanti.

Traders said investor sentiments remain fragile amid concerns over the impact of coronavirus outbreak on the domestic as well as global economy.

The number of deaths around the world linked to the new coronavirus has crossed over 74,000. In India, over 4,400 coronavirus cases have been reported so far.

Former J&K CM Mehbooba Mufti who is presently detained under Public Safety Act, to be shifted to her official residence at Fairview Gupkar Road today. The order terms her official residence as a 'subsidiary jail'. She will continue to remain under detention

The Pakistan Army on Tuesday resorted to unprovoked ceasefire violation on the Line of Control (LoC) in Jammu and Kashmir's Poonch district, defence sources said.

Noida police arrested father and son for making objectionable comment on Prime Minister Narendra Modi and posting it.

A criminal case was registered against both in Noida Kotwali Phase 2 while they have have been sent to jail after been produced in the court.

The accused have been identified as Abdul Salam while the name of the son is Rahmat residents of Shramik Kunj. Complaint was registered by a person living in Sector 93.

A case has been registered against both of them for misusing Article 19 (1) (a) of the Constitution. The police said father and son are accused of sending an objectionable post related to Prime Minister on WhatsApp day before yesterday.