The Indian rupee snapped its four-day winning streak and settled 2 paise lower at 74.09 (provisional) against the US dollar on Friday amid a lacklustre trend in the domestic equity market. At the inte
Rupee rises 29 paise to 74.07 against dollar
PTI
Mumbai |
Updated on
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This is the fourth straight session of gain for the rupee, during which it has appreciated by 94 paise The rupee rose by 29 paise to close at 74.07 (provisional) against the US dollar on Thursday, extending gains for the fourth straight session amid a positive trend in domestic equities. At the interbank forex market, the local unit opened at 74.20 against the greenback and witnessed an intra-day high of 73.94 and a low of 74.23. It finally ended at 74.07 against the American currency, registering a rise of 29 paise over its previous closing. On Wednesday, the rupee had settled at 74.36.
Rupee goes from Asia’s best to worst in two weeks on Covid spike
April 15, 2021
The double-digit growth comes after eight quarters of either decline or single digit growth. - Getty Images/iStockphoto
The double-digit growth comes after eight quarters of either decline or single digit growth. - Getty Images/iStockphoto×
The rupee weakened past 75 per dollar for the first time in eight months this week
The Indian rupee has turned into Asia’s worst-performing currency from being the best in the previous quarter. It’s poised for more losses as a resurgence in coronavirus cases to a record threatens to hamstring the economy.
Rupee falls 17 paise to 75.22 against US dollar in early trade
PTI
Mumbai |
Updated on
× The rupee slumped 17 paise to 75.22 against the US dollar in opening trade on Thursday following losses in domestic equity markets amid concerns over rising COVID-19 cases. Besides, foreign fund outflows also weighed on investors sentiment, forex traders said.
At the interbank foreign exchange, the domestic unit opened sharply lower at 75.19 against the dollar, and lost further ground to quote at 75.22, a fall of 17 paise over its previous close. In early deals, it touched a low of 75.23.
The rupee on Monday had closed at 75.05 against the US dollar.