Forex

Rupee jumps 56 paise to settle at 75.04 against US dollar

PTI Mumbai | Updated on July 02, 2020 Published on July 02, 2020

The rupee appreciated 56 paise to settle at 75.04 (provisional) against the US dollar on Thursday tracking weakness in the greenback and gains in the domestic equity market.

Forex traders said positive domestic equities and weak US currency supported the local unit. Moreover, investor sentiment strengthened after Pfizer reported encouraging vaccine test results.

The rupee opened at 75.51 against the US dollar, gained further ground and finally closed for the day at 75.04 against the US dollar, up 56 paise over its previous close.

It had settled at 75.60 against the greenback on Wednesday.

In highly volatile trade, the domestic unit witnessed an intra-day high of 74.99 and a low of 75.53.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.26 per cent to 96.94.

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

Published on July 02, 2020
This article is closed for comments.
Please Email the Editor