Rupee Vs Dollar: The rupee swung between 73.20 to 73.50 during the day s session
The rupee gained seven paise against the US dollar on Friday, January 8, to settle at 73.24 tracking an intense rally in domestic equities, while also reflecting a sharp recovery from the day s lowest level. The domestic unit started on a sluggish note and declined to an intraday low of 73.45 against the American currency during the day s session. It swung between 73.20 to 73.50 during the day s session. However, for a greater part of the trading session, the local unit remained under pressure due to stronger American currency against the key rivals and surging prices of oil. The rupee declined 20 paise lower at 73.31 against the dollar on Thursday, January 7. Meanwhile, the dollar index, which gauges the greenback s strength against a basket of six currencies, rose 0.12 per cent to 89.93.