The rupee surged 15 paise to 74.77 against the US dollar in opening trade on Friday on expectation of better inflows into high profile initial public offerings (IPOs). At the interbank foreign exchange, the rupee opened strong at 74.78 against the dollar and inched further to 74.77 in early deals, a rise of 15 paise over its previous close.
On Thursday, the rupee had settled at 74.92 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.08 per cent to 93.41.