Rupee up 3 paise at 72.84 against US dollar

PTI Mumbai | Updated on February 10, 2021

The rupee firmed up by 3 paise to settle at 72.84 (provisional) against the US dollar on Wednesday in a restricted trade amid muted trend in the domestic equity market.

At the interbank forex market, the local unit opened at 72.87 against the greenback and witnessed an intra-day high of 72.81 and a low of 72.88.

It finally ended at 72.84 against the American currency, registering a rise of just 3 paise over its previous close.

On Tuesday, the rupee had finished at 72.87 against the American currency.

The dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.01 per cent to 90.42.

"The USDINR spot is trading within the tight range of 72.75-73.15. Currently, the market is flat and volatility is muted. The upbeat sentiments on account of optimism about a global recovery and inflows into local stocks will help Indian Rupee to appreciate, but likely RBI intervention at around 72.80-75.75 zone may limit the fall in USDINR pair," said Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services.


Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on February 10, 2021
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.